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2012 (12) TMI 75 - GUJARAT HIGH COURTRectification of mistake - Investment allowance - Section 32A – alleged that the assessee had not used the plant and machinery for its business and the same was given on lease rent from 1991- 92 - Held that:- Plant and machinery was hired out for a temporary period, which does not amount to transfer. Further the machinery was given on lease basis - On this ground the Assessing Officer in the original order had accepted the assessee's claim for investment allowance under Section 32A of the Act - such issue being debatable, the order could not have been varied in exercise of powers under Section 154 of the Act read with Section 155(4A) of the Act – in favor of assessee
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