https://www.taxtmi.com/caselaws?id=61371 The Tribunal ruled in favor of the Revenue, holding that the assessee was not eligible for investment allowance under s. 32A of the IT Act for the assessment year 1981-82. The Tribunal determined that the primary business of the assessee was the transportation of timber, and the ropeway was deemed as an asset necessary for this activity, rather than constituting a manufacturing activity. Assembling components for the ropeway did not qualify as manufacturing, and the dismantling of the ropeway post-contract indicated it was not a continuous manufacturing process. The Tribunal's decision reversed the CIT(A)'s ruling and upheld that of the ITO, allowing the Revenue's appeal. en-us Wed, 09 Jul 1986 00:00:00 +0530 Wed, 12 Jan 2011 14:04:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61371 The Tribunal ruled in favor of the Revenue, holding that the assessee was not eligible for investment allowance under s. 32A of the IT Act for the assessment year 1981-82. The Tribunal determined that the primary business of the assessee was the transportation of timber, and the ropeway was deemed as an asset necessary for this activity, rather than constituting a manufacturing activity. Assembling components for the ropeway did not qualify as manufacturing, and the dismantling of the ropeway post-contract indicated it was not a continuous manufacturing process. The Tribunal's decision reversed the CIT(A)'s ruling and upheld that of the ITO, allowing the Revenue's appeal. Case-Laws Income Tax Wed, 09 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61371