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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Investment allowance - The Canteen cannot be said to be an ...


Canteen Not an "Industrial Undertaking," Investment Allowance Disallowed u/s 32A(2)(b)(iii) for Lack of Production.

September 29, 2012

Case Laws     Income Tax     SC

Investment allowance - The Canteen cannot be said to be an `industrial undertaking' as it does not manufacture or produce any article or thing - disallowance u/s 32A(2)(b)(iii) warranted - SC

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