Court : Income Tax Appellate Tribunal ITAT Hyderabad
Reported in : (2007)103ITD438(Hyd.)
..... like - x-cross tabulation ( which is specially developed for the company ), - quanvert (which is a survey analysis package specially for research investigation), --spss, developed in usa for comprehensive advanced and flexible statistical analysis, he thus submitted that the functioning of the company is not the routine data collection but specialized and sophisticated tools and research. ..... been adopted by the various high courts while deducing the meaning of the word "manufacture" or "manufacturer" and the object with which explanation 2 has been inserted in section 23a of the act, we are of the view that the business carried on by the respondent-company of printing balance-sheets, profit and loss accounts dividend warrants, pamphlets, share certificates, etc. ..... during the year under consideration, the assessee company purchased computer and claimed investment allowance on the same under section 32a of the income-tax act, 1961, the hon'ble high court in that case held as follows (as per head note): investment allowance is admissible in respect of machinery or plant installed in any industrial under taking for the purpose of business of ..... of the bench to section 80 ia of the income tax, act, under which the assessee has made a claim. ..... company which provided computer services to other concerns was an industrial undertaking engaged in the business of manufacture or production and was thus eligible for investment allowance under section 32a of the act on the cost of computer.11. .....
Tag this Judgment!