https://www.taxtmi.com/caselaws?id=58885 The Appellate Tribunal upheld the CIT(A) order granting investment allowance under section 32A of the I.T. Act to an assessee engaged in construction activity. Despite not being classified as an industrial company eligible for concessional tax rates, the assessee was deemed eligible for investment allowance. The Tribunal referenced previous court decisions distinguishing construction from manufacturing activities and concluded that the assessee could claim the investment allowance for assets used in construction. The Department's appeal was dismissed, affirming the allowance of investment allowance to the construction activity-engaged assessee. en-us Thu, 14 Dec 1989 00:00:00 +0530 Wed, 22 Dec 2010 16:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58885 The Appellate Tribunal upheld the CIT(A) order granting investment allowance under section 32A of the I.T. Act to an assessee engaged in construction activity. Despite not being classified as an industrial company eligible for concessional tax rates, the assessee was deemed eligible for investment allowance. The Tribunal referenced previous court decisions distinguishing construction from manufacturing activities and concluded that the assessee could claim the investment allowance for assets used in construction. The Department's appeal was dismissed, affirming the allowance of investment allowance to the construction activity-engaged assessee. Case-Laws Income Tax Thu, 14 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58885