https://www.taxtmi.com/caselaws?id=66474 The Tribunal upheld the Commissioner (Appeals)'s decision to grant the investment allowance under section 32A and relief under section 80J. It determined Tug No. IV was acquired on 1-4-1976, not a second-hand asset, and that the Government of India is not a "person" resident in India under the Act. As a result, the departmental appeal was dismissed for lacking merit. en-us Sat, 27 Apr 1985 00:00:00 +0530 Thu, 24 Feb 2011 18:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66474 The Tribunal upheld the Commissioner (Appeals)'s decision to grant the investment allowance under section 32A and relief under section 80J. It determined Tug No. IV was acquired on 1-4-1976, not a second-hand asset, and that the Government of India is not a "person" resident in India under the Act. As a result, the departmental appeal was dismissed for lacking merit. Case-Laws Income Tax Sat, 27 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66474