https://www.taxtmi.com/caselaws?id=70201 The Tribunal allowed the assessee's appeal for investment allowance under section 32A of the IT Act for hiring out bulldozers, ruling that the machinery was used in the business of construction, entitling the assessee to the allowance. Additionally, the Tribunal upheld the eligibility of guarantee commission as a business deduction based on legal interpretations and precedents, dismissing the Department's appeal on this matter. en-us Sat, 15 Nov 1980 00:00:00 +0530 Thu, 14 Apr 2011 18:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70201 The Tribunal allowed the assessee's appeal for investment allowance under section 32A of the IT Act for hiring out bulldozers, ruling that the machinery was used in the business of construction, entitling the assessee to the allowance. Additionally, the Tribunal upheld the eligibility of guarantee commission as a business deduction based on legal interpretations and precedents, dismissing the Department's appeal on this matter. Case-Laws Income Tax Sat, 15 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70201