2007 (8) TMI 256

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..... he Act is entitled to the benefits under section 32AB of the Income-tax Act. The finding recorded by the Tribunal does not suffer from any manifest error of law - 113 of 1999 - - - Dated:- 27-8-2007 - PRAKASH KRISHNA and BHARTI SAPRU JJ. JUDGMENT 1. This is an appeal under section 260A of the Income-tax Act, 1961, on behalf of the Department against the order dated May 6, 1999, pas .....

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..... has found that the assessee purchased the machineries during the year under consideration and in view of the fact that the assessee is maintaining his accounts in mercantile system is entitled for the deductions. 3. Having heard learned counsel for the parties we do not find any error in the order of the Tribunal. The Tribunal has recorded a finding that the assessee is maintaining his account .....

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