https://www.taxtmi.com/caselaws?id=18698 The court dismissed the petitioners' claim for tax relief under section 10(15)(iv)(c) of the Income-tax Act, 1961 for interest on a resonance scanner used in medical diagnosis. The judge upheld the Central Board of Direct Taxes' decision, ruling that a diagnostic center cannot be classified as an industrial undertaking merely by owning a machine for tax relief. The judge emphasized that the relief is intended for manufacturing or processing goods, not professional services, and found that the scanner's use for producing individual patient photographs did not qualify as industrial processing. The application was dismissed without costs awarded. en-us Wed, 29 Mar 1995 00:00:00 +0530 Sat, 31 Oct 2009 13:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18698 The court dismissed the petitioners' claim for tax relief under section 10(15)(iv)(c) of the Income-tax Act, 1961 for interest on a resonance scanner used in medical diagnosis. The judge upheld the Central Board of Direct Taxes' decision, ruling that a diagnostic center cannot be classified as an industrial undertaking merely by owning a machine for tax relief. The judge emphasized that the relief is intended for manufacturing or processing goods, not professional services, and found that the scanner's use for producing individual patient photographs did not qualify as industrial processing. The application was dismissed without costs awarded. Case-Laws Income Tax Wed, 29 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18698