https://www.taxtmi.com/caselaws?id=16824 Hotel business carried on with boarding facilities is treated as trading activity, so investment allowance under section 32A is not available for the hotel building, kitchen boilers or air-conditioners. A hotel building used for lodging may, however, be regarded as plant for depreciation where it functions as an apparatus or instrument of the business. Bonus set aside for an unascertained future liability is not deductible to the extent it remains merely provisioned. Excess advance tax paid within the financial year attracts interest under section 214 even if some instalments were remitted after the statutory due dates. en-us Mon, 16 Jun 1997 00:00:00 +0530 Sat, 12 Sep 2009 13:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16824 Hotel business carried on with boarding facilities is treated as trading activity, so investment allowance under section 32A is not available for the hotel building, kitchen boilers or air-conditioners. A hotel building used for lodging may, however, be regarded as plant for depreciation where it functions as an apparatus or instrument of the business. Bonus set aside for an unascertained future liability is not deductible to the extent it remains merely provisioned. Excess advance tax paid within the financial year attracts interest under section 214 even if some instalments were remitted after the statutory due dates. Case-Laws Income Tax Mon, 16 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16824