https://www.taxtmi.com/caselaws?id=19670 The High Court ruled against the private limited company running a hotel in Bombay, denying its claim for investment allowance under section 32A of the Income-tax Act, 1961. The Court held that since the hotel business did not involve manufacturing or production activities, the machinery installed did not qualify for the investment allowance specified in section 32A(2). As a result, the company was not entitled to the investment allowance for the machinery used in the hotel. The Court sided with the Revenue, and no costs were awarded in this case. en-us Wed, 23 Nov 1994 00:00:00 +0530 Sat, 07 Nov 2009 17:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19670 The High Court ruled against the private limited company running a hotel in Bombay, denying its claim for investment allowance under section 32A of the Income-tax Act, 1961. The Court held that since the hotel business did not involve manufacturing or production activities, the machinery installed did not qualify for the investment allowance specified in section 32A(2). As a result, the company was not entitled to the investment allowance for the machinery used in the hotel. The Court sided with the Revenue, and no costs were awarded in this case. Case-Laws Income Tax Wed, 23 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19670