2002 (3) TMI 17 - HC - Income Tax

Summary

The High Court of Madhya Pradesh dismissed an appeal under section 260A of the Income-tax Act, 1961, regarding the investment allowance and deletion of notional interest amount. The Tribunal found no merit in the appeal as the investment allowance was not allowed for machinery installed before a certain date and the interest was explained as a quasi-equity advance. The appeal was dismissed as there was no case for interference with the Tribunal's findings.