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2006 (1) TMI 94 - ALLAHABAD HIGH COURTInvestment allowance under section 32A - "Whether, assessee is entitled to claim investment allowance under section 32A on an expenditure amounting to Rs. 2,23,415 as held by the Tribunal?" - Tribunal has recorded a categorical finding to the effect that the old furnace was totally demolished and a new one was constructed in its place, which finding has not been challenged by raising a separate question of law - On the findings recorded by the Tribunal, we are of the considered opinion that inasmuch as a new furnace has come into existence, the assessee was rightly allowed investment allowance under section 32A
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