https://www.taxtmi.com/caselaws?id=58554 The Tribunal held that the assessee company did not qualify as an industrial undertaking for investment allowance or deduction under the Income-tax Act, 1961. Despite engaging in large-scale ship repairs and engineering jobs involving fabrication and manufacturing of components, the company's activities did not amount to manufacturing or producing articles for sale. Relying on interpretations of relevant provisions and case laws, including distinguishing between manufacturing for sale and job work, the Tribunal concluded that the company did not meet the criteria for claiming the investment allowance and deduction, upholding the Income Tax Officer's decision overruling the Commissioner (Appeals). en-us Mon, 27 Feb 1984 00:00:00 +0530 Mon, 20 Dec 2010 15:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58554 The Tribunal held that the assessee company did not qualify as an industrial undertaking for investment allowance or deduction under the Income-tax Act, 1961. Despite engaging in large-scale ship repairs and engineering jobs involving fabrication and manufacturing of components, the company's activities did not amount to manufacturing or producing articles for sale. Relying on interpretations of relevant provisions and case laws, including distinguishing between manufacturing for sale and job work, the Tribunal concluded that the company did not meet the criteria for claiming the investment allowance and deduction, upholding the Income Tax Officer's decision overruling the Commissioner (Appeals). Case-Laws Income Tax Mon, 27 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58554