https://www.taxtmi.com/caselaws?id=57444 The tribunal upheld the denial of investment allowance for a generator purchased by a film exhibition firm, ruling that the generated electricity did not qualify as a tangible article or thing under section 32A. The business of exhibiting cinema films was deemed not to involve the manufacturing or production of tangible articles, leading to the dismissal of the appeal. en-us Mon, 05 Feb 1990 00:00:00 +0530 Fri, 10 Dec 2010 12:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57444 The tribunal upheld the denial of investment allowance for a generator purchased by a film exhibition firm, ruling that the generated electricity did not qualify as a tangible article or thing under section 32A. The business of exhibiting cinema films was deemed not to involve the manufacturing or production of tangible articles, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 05 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57444