https://www.taxtmi.com/caselaws?id=151908 The Tribunal dismissed the departmental appeal, upholding the Commissioner of Income-tax (Appeals)'s decision to allow the investment allowance under section 32A for the Zinc Cell House for the assessment year 1989-90, subject to verification of the relevant facts by the Assessing Officer. The Tribunal found that the initial assessment year for applying section 32AB(10) should be 1989-90 or later, as clarified by the Central Board of Direct Taxes Circular No. 559. en-us Tue, 14 Nov 2000 00:00:00 +0530 Wed, 19 Jun 2013 14:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151908 The Tribunal dismissed the departmental appeal, upholding the Commissioner of Income-tax (Appeals)'s decision to allow the investment allowance under section 32A for the Zinc Cell House for the assessment year 1989-90, subject to verification of the relevant facts by the Assessing Officer. The Tribunal found that the initial assessment year for applying section 32AB(10) should be 1989-90 or later, as clarified by the Central Board of Direct Taxes Circular No. 559. Case-Laws Income Tax Tue, 14 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151908