https://www.taxtmi.com/caselaws?id=16555 The High Court of Madras ruled against the assessee, denying entitlement to investment allowance under section 32A of the Income-tax Act for the assessment year 1980-81. The court held that the assessee, engaged in construction contracts, did not qualify for the investment allowance as construction activities did not fall within the scope of section 32A. The court emphasized that the assessee's construction business did not independently manufacture articles, as required for eligibility. The court's decision aligned with legal precedents, ultimately ruling in favor of the Revenue and rejecting the investment allowance claim. en-us Tue, 23 Dec 1997 00:00:00 +0530 Tue, 08 Sep 2009 15:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16555 The High Court of Madras ruled against the assessee, denying entitlement to investment allowance under section 32A of the Income-tax Act for the assessment year 1980-81. The court held that the assessee, engaged in construction contracts, did not qualify for the investment allowance as construction activities did not fall within the scope of section 32A. The court emphasized that the assessee's construction business did not independently manufacture articles, as required for eligibility. The court's decision aligned with legal precedents, ultimately ruling in favor of the Revenue and rejecting the investment allowance claim. Case-Laws Income Tax Tue, 23 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16555