https://www.taxtmi.com/caselaws?id=69160 The appeals were dismissed, and the withdrawal of the investment allowance was upheld. The creation of the trust was deemed a transfer under section 32A(5), leading to the denial of the investment allowance for the relevant assessment years. The decision highlighted the significance of adhering to ownership requirements and meeting all conditions for investment allowances to be maintained. en-us Mon, 01 Feb 1999 00:00:00 +0530 Fri, 21 Jun 2013 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69160 The appeals were dismissed, and the withdrawal of the investment allowance was upheld. The creation of the trust was deemed a transfer under section 32A(5), leading to the denial of the investment allowance for the relevant assessment years. The decision highlighted the significance of adhering to ownership requirements and meeting all conditions for investment allowances to be maintained. Case-Laws Income Tax Mon, 01 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69160