2016 (8) TMI 1006 - SCH - Income Tax

Benefit of Section 32A on the investment which has been made by the respondent-assessee herein in respect of effluent treatment plant. Keeping in view the specific provisions contained in sub-section 2C of Section 32A of the Income Tax Act we do not find any error in the view taken by the High Court in this behalf. This appeal is accordingly dismissed.

Summary

The Supreme Court dismissed the appeal and upheld the High Court's decision to grant the benefit of Section 32A of the Income Tax Act to the respondent-assessee for investment in an effluent treatment plant. No costs were awarded.