Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (1) TMI 14 - HC - Income Tax"(i) Whether, Tribunal is right in law in holding that investment allowance could be allowed only if the claim is made in the year of installation of machinery? (ii) Whether the Tribunal is right in its interpretation of the provisions of section 32A, in coming to the conclusion that until the investment allowance is quantified and determined by the Assessing Officer, there cannot be any question of carry forward of the allowance? (iii) Whether the Tribunal is right in law in rendering a contrary decision when a Bench of the Tribunal has already rendered the provisions of section 32A that both the right to carry forward and claim investment allowance and the duty to create the corresponding reserves are deferred to the future years?" – All the questions are answered against the assessee and in favour of the Revenue.
|