https://www.taxtmi.com/caselaws?id=22005 The court ruled in favor of the assessee, determining that their activities, including advising mine owners and analyzing iron ore, qualified as a small scale industrial undertaking for investment allowance purposes under the Income-tax Act, 1961. The court emphasized that even service-oriented activities could be considered industrial undertakings if they involved production necessary for the business. The judgment highlighted a broad interpretation of the term "industry" and affirmed that machinery usage for business purposes was crucial in qualifying for investment benefits. en-us Wed, 10 Apr 1991 00:00:00 +0530 Sat, 05 Dec 2009 13:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22005 The court ruled in favor of the assessee, determining that their activities, including advising mine owners and analyzing iron ore, qualified as a small scale industrial undertaking for investment allowance purposes under the Income-tax Act, 1961. The court emphasized that even service-oriented activities could be considered industrial undertakings if they involved production necessary for the business. The judgment highlighted a broad interpretation of the term "industry" and affirmed that machinery usage for business purposes was crucial in qualifying for investment benefits. Case-Laws Income Tax Wed, 10 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22005