High Court orders Tribunal to review investment allowance calculation based on plant/machinery value. Legal correctness questioned.

The High Court of Allahabad directed the Tribunal to reconsider the calculation of investment allowance based on the written down value of plant and machinery under section 32A. The court questioned the legal correctness of the Tribunal's decision.

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The High Court of Allahabad directed the Tribunal to reframe a question regarding the calculation of investment allowance based on the written down value of plant and machinery under section 32A. The court asked whether the Tribunal was legally correct in its consideration. (Case citation: 1989 (1) TMI 118 - ALLAHABAD High Court)

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