https://www.taxtmi.com/caselaws?id=33703 The High Court ruled against the assessee, concluding that they were not entitled to claim investment allowance on the dewatering equipment used in construction activities. The court found that the activities did not qualify as an industrial undertaking under section 32A of the Income-tax Act, based on the interpretation of relevant case law and the definition of "construction" in conjunction with "manufacture or production of any article or thing." The decision favored the Revenue, leading to the dismissal of the assessee's claim for investment allowance. en-us Fri, 12 Oct 2007 00:00:00 +0530 Fri, 05 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33703 The High Court ruled against the assessee, concluding that they were not entitled to claim investment allowance on the dewatering equipment used in construction activities. The court found that the activities did not qualify as an industrial undertaking under section 32A of the Income-tax Act, based on the interpretation of relevant case law and the definition of "construction" in conjunction with "manufacture or production of any article or thing." The decision favored the Revenue, leading to the dismissal of the assessee's claim for investment allowance. Case-Laws Income Tax Fri, 12 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33703