Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1991 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1991 (12) TMI 78 - ITAT AHMEDABADExtract: ....... again been allowed. This is on the footing that if the amount is utilised for the purchase of new machinery in the next year, investment allowance cannot be withdrawn simply because the amount is credited to capital account of the partner. I, accordingly set aside the order of the ITO withdrawing the investment allowance. 4. The appeal is allowed.
|