https://www.taxtmi.com/caselaws?id=58289 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), allowing the appellant, a private limited company engaged in processing and printing of cinematograph films, to claim investment allowance for machinery used in the production of release prints. The Tribunal determined that the appellant's activities constituted manufacturing during the second stage of production, making it eligible for the investment allowance. The Tribunal considered the appellant's status as a small scale industrial undertaking and precedent cases supporting the allowance, ultimately dismissing the revenue's appeal and affirming the CIT(A)'s order. en-us Wed, 15 Nov 1989 00:00:00 +0530 Sat, 18 Dec 2010 13:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58289 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), allowing the appellant, a private limited company engaged in processing and printing of cinematograph films, to claim investment allowance for machinery used in the production of release prints. The Tribunal determined that the appellant's activities constituted manufacturing during the second stage of production, making it eligible for the investment allowance. The Tribunal considered the appellant's status as a small scale industrial undertaking and precedent cases supporting the allowance, ultimately dismissing the revenue's appeal and affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 15 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58289