https://www.taxtmi.com/caselaws?id=57374 A professionally run X-ray unit can qualify as a business when it operates as a commercial venture distinct from the practitioner's personal professional work. The clinic's X-ray setup was also treated as an industrial undertaking for section 32A because it was engaged in profit-oriented activity and the machinery value stayed within the then-applicable small-scale limit. Exposing and processing unexposed film into an X-ray photograph was held to amount to production of an article or thing, since the finished photograph had a distinct identity and use from the raw film. On that basis, the statutory conditions for investment allowance were satisfied. en-us Fri, 14 Oct 1983 00:00:00 +0530 Thu, 09 Dec 2010 18:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57374 A professionally run X-ray unit can qualify as a business when it operates as a commercial venture distinct from the practitioner's personal professional work. The clinic's X-ray setup was also treated as an industrial undertaking for section 32A because it was engaged in profit-oriented activity and the machinery value stayed within the then-applicable small-scale limit. Exposing and processing unexposed film into an X-ray photograph was held to amount to production of an article or thing, since the finished photograph had a distinct identity and use from the raw film. On that basis, the statutory conditions for investment allowance were satisfied. Case-Laws Income Tax Fri, 14 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57374