https://www.taxtmi.com/caselaws?id=66516 The Tribunal upheld the Commissioner's decision to reject the claim for deduction of excess amount realized in earlier years. However, the Tribunal ruled in favor of the appellant regarding the claim for investment allowance on a computer used in the manufacturing process, citing precedents from the Bombay High Court. The claim for investment allowance on a cold storage plant used for storing marine products was disallowed as the plant did not qualify as plant or machinery. The appellant chose not to press for relief on the claim for setting off loss relating to another company, resulting in partial allowance of the appeal. en-us Fri, 30 Dec 1988 00:00:00 +0530 Sat, 26 Feb 2011 12:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66516 The Tribunal upheld the Commissioner's decision to reject the claim for deduction of excess amount realized in earlier years. However, the Tribunal ruled in favor of the appellant regarding the claim for investment allowance on a computer used in the manufacturing process, citing precedents from the Bombay High Court. The claim for investment allowance on a cold storage plant used for storing marine products was disallowed as the plant did not qualify as plant or machinery. The appellant chose not to press for relief on the claim for setting off loss relating to another company, resulting in partial allowance of the appeal. Case-Laws Income Tax Fri, 30 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66516