1995 (7) TMI 49 - HC - Income Tax

Summary

The High Court of Allahabad dismissed an application under section 256(2) of the Income-tax Act, 1961. The court held that the assessee is entitled to claim investment allowance under section 32A for installing an ice factory, distinguishing it from a previous case regarding a cold storage. The Tribunal's decision to grant concession to the assessee was upheld, and no question of law arose from the Tribunal's order. The application was dismissed.