https://www.taxtmi.com/caselaws?id=243192 The High Court upheld the Tribunal's decision, emphasizing that Investment Allowance is available upon machinery installation, regardless of use. The Tribunal correctly allowed the allowance for machinery in the Milk Division, certified and installed. Verification was ordered for machinery in the Soya Division due to unclear details. The Court dismissed the appeal, stating Investment Allowance cannot be denied post-installation. en-us Thu, 02 Jan 2014 00:00:00 +0530 Mon, 27 Jan 2014 21:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243192 The High Court upheld the Tribunal's decision, emphasizing that Investment Allowance is available upon machinery installation, regardless of use. The Tribunal correctly allowed the allowance for machinery in the Milk Division, certified and installed. Verification was ordered for machinery in the Soya Division due to unclear details. The Court dismissed the appeal, stating Investment Allowance cannot be denied post-installation. Case-Laws Income Tax Thu, 02 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243192