1997 (12) TMI 29 - HC - Income Tax

Summary

The High Court of Madras held that the assessee is not entitled to investment allowance under section 32A of the Income-tax Act for machinery installed in the accounting year 1982-83. The court referred to previous decisions and granted leave to the assessee to appeal to the Supreme Court of India. (Case citation: 1997 (12) TMI 29 - MADRAS High Court)