https://www.taxtmi.com/caselaws?id=60905 The Tribunal held that the assessee, a hotel business, was not eligible for investment allowance under section 32A of the Act for plant and machinery, as hotels were deemed trading activities and did not involve the production of any article or thing. The Tribunal rejected the argument that significant income from the restaurant should qualify for the allowance, emphasizing that the entire hotel operation must be for production or manufacture to be eligible. Citing decisions from various High Courts, the Tribunal concluded that the assessee was not entitled to the investment allowance based on the interpretation of relevant legal precedents. en-us Fri, 24 Mar 1995 00:00:00 +0530 Sat, 08 Jan 2011 15:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60905 The Tribunal held that the assessee, a hotel business, was not eligible for investment allowance under section 32A of the Act for plant and machinery, as hotels were deemed trading activities and did not involve the production of any article or thing. The Tribunal rejected the argument that significant income from the restaurant should qualify for the allowance, emphasizing that the entire hotel operation must be for production or manufacture to be eligible. Citing decisions from various High Courts, the Tribunal concluded that the assessee was not entitled to the investment allowance based on the interpretation of relevant legal precedents. Case-Laws Income Tax Fri, 24 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60905