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2005 (9) TMI 62 - HC - Income TaxClaim for investment allowance under section 32A - "Whether Tribunal was justified in upholding the findings of the Commissioner of Income-tax (Appeals) directing allowance of the assessee's claim for investment allowance under section 32A on new machineries installed in the branch set for doing printing job on tin plates." - it cannot be disputed that the assessee was entitled for the investment allowance for the plant and machinery which was installed after the prescribed date and was being used for business, wherein by the process of manufacture printed and colour tin sheets were produced, which were capable of being sold in the market in an acceptable form. - We thus do not find any illegality in the order passed by the Commissioner of Income-tax (Appeals) and the view of the Appellate Tribunal.
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