https://www.taxtmi.com/caselaws?id=288466 The court ruled in favor of the assessee, allowing the deduction under section 80-I of the Income Tax Act for construction activities as an industrial company. The judgment emphasized that construction activities, including building construction, could be considered as manufacturing or producing an article or thing, making the firm eligible for the deduction. The court rejected a narrow interpretation of the term "article or thing" and relied on various case laws to support the broader understanding, highlighting the legislative intent to promote industrial growth. The disallowance of car maintenance expenses and guarantee commission paid to the bank was also addressed in the appeal. en-us Tue, 20 Mar 1990 00:00:00 +0530 Tue, 09 Jun 2020 11:26:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288466 The court ruled in favor of the assessee, allowing the deduction under section 80-I of the Income Tax Act for construction activities as an industrial company. The judgment emphasized that construction activities, including building construction, could be considered as manufacturing or producing an article or thing, making the firm eligible for the deduction. The court rejected a narrow interpretation of the term "article or thing" and relied on various case laws to support the broader understanding, highlighting the legislative intent to promote industrial growth. The disallowance of car maintenance expenses and guarantee commission paid to the bank was also addressed in the appeal. Case-Laws Income Tax Tue, 20 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288466