https://www.taxtmi.com/caselaws?id=62200 The ITAT upheld the CIT(A)'s decisions on the entitlement to investment allowance and the treatment of subsidy for depreciation, dismissing the departmental appeals in both instances. The disallowance of deductions under s. 80HH and s. 80J in the original assessment for the asst. yr. 1982-83 was dismissed by the ITAT, as the CIT(A) had not initially disallowed the deductions. Additionally, the claim for investment allowance under s. 32A of the IT Act for machinery used in the mosaic and wood work units was allowed based on ownership and manufacturing purposes, with the ITAT emphasizing the promotion of industrial development. en-us Fri, 15 Mar 1991 00:00:00 +0530 Tue, 18 Jan 2011 14:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62200 The ITAT upheld the CIT(A)'s decisions on the entitlement to investment allowance and the treatment of subsidy for depreciation, dismissing the departmental appeals in both instances. The disallowance of deductions under s. 80HH and s. 80J in the original assessment for the asst. yr. 1982-83 was dismissed by the ITAT, as the CIT(A) had not initially disallowed the deductions. Additionally, the claim for investment allowance under s. 32A of the IT Act for machinery used in the mosaic and wood work units was allowed based on ownership and manufacturing purposes, with the ITAT emphasizing the promotion of industrial development. Case-Laws Income Tax Fri, 15 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62200