https://www.taxtmi.com/caselaws?id=61444 The Tribunal held that the assessee firm was entitled to investment allowance on the tractor-mounted crane as it was used wholly for the business activities, despite being partially hired out for external services. The Tribunal emphasized that the machinery did not need to be exclusively used for manufacturing to qualify for investment allowance under section 32A. The decision distinguished previous cases where certain equipment was deemed ineligible, as the crane in question was integral to the manufacturing process, leading to the allowance of the appeal and directing the Assessing Officer to grant the investment allowance. en-us Tue, 05 Apr 1994 00:00:00 +0530 Wed, 12 Jan 2011 16:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61444 The Tribunal held that the assessee firm was entitled to investment allowance on the tractor-mounted crane as it was used wholly for the business activities, despite being partially hired out for external services. The Tribunal emphasized that the machinery did not need to be exclusively used for manufacturing to qualify for investment allowance under section 32A. The decision distinguished previous cases where certain equipment was deemed ineligible, as the crane in question was integral to the manufacturing process, leading to the allowance of the appeal and directing the Assessing Officer to grant the investment allowance. Case-Laws Income Tax Tue, 05 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61444