Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 1407 - MADHYA PRADESH HIGH COURTInvestment Allowance - Held that:- The benefit of Investment Allowance is available to the assessee and it cannot be denied on the ground that they have not been put to use - The Tribunal has rightly allowed the Investment Allowance on machines for Milk Division having found that they have already been installed by the assessee - The installation of machinery at milk division was even duly certified by the District Industries Centre, Dewas - As regard the machinery of Soya Division, as details were not available, the AO was directed for making verification as to whether the same was installed or not - Decided against Revenue.
|