https://www.taxtmi.com/caselaws?id=21056 The Court determined that the assessee's computer division qualified as an industrial undertaking under section 32A(2)(b)(iii) of the Income-tax Act, 1961, entitling it to investment allowance. Despite initial denials by the Income-tax Officer and the Commissioner of Income-tax (Appeals), the Tribunal ruled in favor of the assessee, considering the computer division as a factory engaged in productive activities. The Court upheld the Tribunal's decision, emphasizing the transformative nature of the division's operations and its compliance with the statutory requirements for industrial undertakings. The judgment favored the assessee, with no costs awarded. en-us Mon, 19 Nov 1990 00:00:00 +0530 Thu, 19 Nov 2009 17:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21056 The Court determined that the assessee's computer division qualified as an industrial undertaking under section 32A(2)(b)(iii) of the Income-tax Act, 1961, entitling it to investment allowance. Despite initial denials by the Income-tax Officer and the Commissioner of Income-tax (Appeals), the Tribunal ruled in favor of the assessee, considering the computer division as a factory engaged in productive activities. The Court upheld the Tribunal's decision, emphasizing the transformative nature of the division's operations and its compliance with the statutory requirements for industrial undertakings. The judgment favored the assessee, with no costs awarded. Case-Laws Income Tax Mon, 19 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21056