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2005 (1) TMI 40 - HC - Income TaxInvestment allowance under section 32A - "Whether Tribunal was right in law in holding that the assessee-company which provided computer services to other concerns was an industrial undertaking engaged in the business of manufacture or production and thus eligible for investment allowance under section 32A on the cost of computer?" - activity of data processing through the use of computers is one which would amount to business of manufacture or production of articles or things and the unit which undertakes such computer services for other concerns would be an industrial undertaking. - there is no error of law in the order of the Tribunal - In the result, the question referred to the court for its opinion is answered in the affirmative, i.e., in favour of the assessee and against the Revenue.
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