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2003 (12) TMI 29 - GAUHATI HIGH COURT
Claim of investment allowance on medical equipment, air-conditioner, lifts, office equipment, etc. - addition made under section 68, in respect of certain amounts received as share application money from different persons - "1. Whether, Tribunal was correct in law in not upholding the order of the first appellate authority which had confirmed the Assessing Officer's order disallowing the claim of investment allowance under section 32A, as the nursing home/hospital of the assessee is not an industrial undertaking? – Held no - 2. Whether, deletion of the addition made under section 68 is justified?" – Held yes