https://www.taxtmi.com/caselaws?id=70880 The appeals in the case were partially allowed for the assessee regarding the deduction under Section 32AB of the Income Tax Act for both assessment years. The Tribunal directed that the assessee be allowed the deduction under Section 32AB, emphasizing its benefits for encouraging industrial growth. However, the Department's appeals were partially allowed concerning the disallowance of expenditure on account of the issue of shares, upholding the disallowance made by the Assessing Officer. en-us Tue, 08 Sep 1992 00:00:00 +0530 Tue, 19 Apr 2011 18:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70880 The appeals in the case were partially allowed for the assessee regarding the deduction under Section 32AB of the Income Tax Act for both assessment years. The Tribunal directed that the assessee be allowed the deduction under Section 32AB, emphasizing its benefits for encouraging industrial growth. However, the Department's appeals were partially allowed concerning the disallowance of expenditure on account of the issue of shares, upholding the disallowance made by the Assessing Officer. Case-Laws Income Tax Tue, 08 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70880