Court rules against Revenue on investment allowance claim under Income-tax Act section 32A The High Court of Karnataka ruled against the Revenue in a case involving the disallowance of an investment allowance claim under section 32A of the ...
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Court rules against Revenue on investment allowance claim under Income-tax Act section 32A
The High Court of Karnataka ruled against the Revenue in a case involving the disallowance of an investment allowance claim under section 32A of the Income-tax Act, citing a previous decision and answering the question in the negative.
The High Court of Karnataka ruled against the Revenue in a case regarding the disallowance of an investment allowance claim under section 32A of the Income-tax Act. The court referred to a previous decision and answered the question in the negative. (Case citation: 1990 (12) TMI 16 - KARNATAKA High Court)
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