https://www.taxtmi.com/caselaws?id=57188 The Tribunal ruled in favor of the Revenue, dismissing the claim of investment allowance for a hotel business under section 32A of the IT Act. It held that a hotel business does not qualify as an industrial undertaking eligible for investment allowance as it does not involve manufacturing or producing articles. The Tribunal emphasized the distinction between trading activities and manufacturing processes, upholding the ITO's decision overruling the AAC's order. The Revenue's appeal was allowed, and the cross-objection of the assessee was dismissed. en-us Mon, 25 Aug 1986 00:00:00 +0530 Wed, 08 Dec 2010 18:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57188 The Tribunal ruled in favor of the Revenue, dismissing the claim of investment allowance for a hotel business under section 32A of the IT Act. It held that a hotel business does not qualify as an industrial undertaking eligible for investment allowance as it does not involve manufacturing or producing articles. The Tribunal emphasized the distinction between trading activities and manufacturing processes, upholding the ITO's decision overruling the AAC's order. The Revenue's appeal was allowed, and the cross-objection of the assessee was dismissed. Case-Laws Income Tax Mon, 25 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57188