Assessee company wins investment allowance & deduction case for assessment year 1983-84

The High Court of Karnataka held in favor of the assessee company for both questions regarding the assessment year 1983-84. The court ruled that the assessee was entitled to investment allowance under section 32A and deduction under section 80J, citing previous judgments in support of their decision.

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The High Court of Karnataka considered two questions regarding the assessment year 1983-84: 1) Whether the assessee company is entitled to investment allowance under section 32A, and 2) Whether the assessee is entitled to deduction under section 80J. The court held in favor of the assessee for both questions based on previous judgments.

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