https://www.taxtmi.com/caselaws?id=64533 The Tribunal upheld the disallowance of Rs. 30,460 under Section 40A(2) of the Income Tax Act, citing interrelation between parties and lack of agreement. However, the Tribunal allowed the investment allowance claim of Rs. 5,116 under Section 32-A, recognizing the appellant's activities as manufacturing based on the transformation of yarn into sewing machine threads. The appeal was dismissed in part, with the investment allowance granted based on the majority opinion. en-us Thu, 16 Jan 1992 00:00:00 +0530 Tue, 08 Feb 2011 14:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64533 The Tribunal upheld the disallowance of Rs. 30,460 under Section 40A(2) of the Income Tax Act, citing interrelation between parties and lack of agreement. However, the Tribunal allowed the investment allowance claim of Rs. 5,116 under Section 32-A, recognizing the appellant's activities as manufacturing based on the transformation of yarn into sewing machine threads. The appeal was dismissed in part, with the investment allowance granted based on the majority opinion. Case-Laws Income Tax Thu, 16 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64533