https://www.taxtmi.com/caselaws?id=57357 The Tribunal allowed the appeals in favor of the assessee, upholding their entitlement to the investment allowance. It concluded that the construction activities undertaken by the assessee, including the construction of tunnels, exit channels, and water conductor systems, qualified as the construction of a 'thing' under section 32A(2)(b)(iii), making them an industrial undertaking eligible for the investment allowance. The Tribunal found that the Commissioner erred in directing the withdrawal of the investment allowance as the assessee met the conditions under section 32A. en-us Tue, 31 Aug 1982 00:00:00 +0530 Thu, 09 Dec 2010 17:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57357 The Tribunal allowed the appeals in favor of the assessee, upholding their entitlement to the investment allowance. It concluded that the construction activities undertaken by the assessee, including the construction of tunnels, exit channels, and water conductor systems, qualified as the construction of a 'thing' under section 32A(2)(b)(iii), making them an industrial undertaking eligible for the investment allowance. The Tribunal found that the Commissioner erred in directing the withdrawal of the investment allowance as the assessee met the conditions under section 32A. Case-Laws Income Tax Tue, 31 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57357