1989 (3) TMI 98

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..... estment allowance in respect of additions made in the machinery account during the assessment year 1978-79. According to the assessee, the reserve for investment allowance was created on July 18, 1980, by crediting a sum of Rs. 10,282 to the investment allowance account and by corresponding debit to the investment account. The investment allowance claimed was Rs. 54,832. The Inspecting Assistant .....

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..... late Tribunal was right in law in allowing the claim of the assessee for investment allowance under section 32A(4)(ii) of the Income-tax Act, 1961 ?" The matter here is covered by two decisions of this court, namely, Acropolymers (P.) Ltd. v. CIT [1985] 151 ITR 158 and our recent decision in 1. T. R. No. 196 of 1980 (CIT v. Hamdard Printing Press [1989] 179 ITR 413), decided on January 30, 1989. .....

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