https://www.taxtmi.com/caselaws?id=22242 The court held that the internal telephone system in the factory qualified as 'plant' for the purpose of investment allowance under section 32A of the Income-tax Act. The court considered precedents from other High Courts and emphasized the system's essential function in the business process and production efficiency. Rejecting the Revenue's argument, the court interpreted 'plant' broadly to include items facilitating business operations. Consequently, the assessee was granted the investment allowance, with the court ruling in favor of the assessee and rejecting the Revenue's contention. en-us Mon, 07 Jan 1991 00:00:00 +0530 Tue, 08 Dec 2009 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22242 The court held that the internal telephone system in the factory qualified as 'plant' for the purpose of investment allowance under section 32A of the Income-tax Act. The court considered precedents from other High Courts and emphasized the system's essential function in the business process and production efficiency. Rejecting the Revenue's argument, the court interpreted 'plant' broadly to include items facilitating business operations. Consequently, the assessee was granted the investment allowance, with the court ruling in favor of the assessee and rejecting the Revenue's contention. Case-Laws Income Tax Mon, 07 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22242