High Court orders Tribunal to refer cold storage eligibility for investment allowance under Income-tax Act

The High Court directed the Tribunal to refer the question of law on the eligibility of cold storage for investment allowance under section 32A of the Income-tax Act, 1961.

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The High Court of Allahabad heard an application under section 256(2) of the Income-tax Act, 1961. The court directed the Tribunal to refer the question of law regarding the eligibility of cold storage for investment allowance to the court. The question pertains to the applicability of section 32A of the Income-tax Act to cold storage facilities.

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