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TMI Blog2014 (1) TMI 1407X X X X Extracts X X X X X X X X Extracts X X X X ..... found that they have already been installed by the assessee - The installation of machinery at milk division was even duly certified by the District Industries Centre, Dewas - As regard the machinery of Soya Division, as details were not available, the AO was directed for making verification as to whether the same was installed or not - Decided against Revenue. - Income Tax Appeal No. 79/2005 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. Proceedings, AO noticed that assessee had shown the value of new plant and machinery at Rs.56,68,614/- on which depreciation was allowed as claimed by the assessee in the Milk Divn. (Premier Nutrition) plant machinery of Rs.1,65,84,637/- (i/c preoperative expenses of Rs.59,91,690/-) were shown as work-in-progress and no depreciation was claimed. However, while claiming investment allowance th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,337/- was shown as additional in assets and capital work in progress was only Rs.59,91,690/-, then he referred to page 8 which is copy of certificate issued by Distt. Industries Centre, Dewas in which it is clearly stated that assessee had installed Tetra pack machine on 28.03.87. He then referred to provisions of sec.32A and submitted that investment and plant was installed and it is not necessa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecomes clear from the certificate of Distt. Industries Centre, Dewas (copy of certificate at page 8). In this respect, we find nothing wrong with the order of ld. CIT (A) and confirm the same. Having gone through the aforesaid order passed by the Tribunal, we find that the Tribunal has rightly allowed the Investment Allowance on machines for Milk Division having found that they have already bee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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