1986 (7) TMI 140 - AT - Income Tax

Summary

The appeals were related to investment allowance under s. 32A and relief under s. 80J for a hotel. The tribunal allowed the investment allowance claim under s. 32A as production of eatables qualifies. However, the claim for relief under s. 80J was rejected as the hotel did not meet the specific conditions for the deduction. The appeals were partly allowed.