https://www.taxtmi.com/caselaws?id=19318 Hotel food preparation does not amount to manufacture or production for investment allowance under section 32A, so the allowance was unavailable. Under the mercantile system, luxury tax liability for earlier years accrued when the taxable event occurred and the liability became determinable, even though the assessee contested the levy. The provisional assessment in a later year did not shift accrual of the earlier tax liability. Both issues were decided against the assessee. en-us Fri, 18 Sep 1992 00:00:00 +0530 Thu, 05 Nov 2009 13:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19318 Hotel food preparation does not amount to manufacture or production for investment allowance under section 32A, so the allowance was unavailable. Under the mercantile system, luxury tax liability for earlier years accrued when the taxable event occurred and the liability became determinable, even though the assessee contested the levy. The provisional assessment in a later year did not shift accrual of the earlier tax liability. Both issues were decided against the assessee. Case-Laws Income Tax Fri, 18 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19318