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2012 (9) TMI 841 - SC - Income TaxInvestment allowance u/s 32A(2)(b)(iii) - Refrigerator, Cooking Range and Fans installed in its Factory Canteen - Held that:- The Canteen may be a part of production Unit or Factory, however, it cannot fall under sub-clause (iii) which refers to any other industrial undertaking for the purposes of business of construction, manufacture or production of any article or thing, not being an article specified in the Eleventh Schedule. The Canteen cannot be said to be an `industrial undertaking' as it does not manufacture or produce any article or thing, as required under clause (iii). disallowance u/s 32A(2)(b)(iii) warranted - in favour of revenue.
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