https://www.taxtmi.com/caselaws?id=262655 The court upheld the Tribunal's decision allowing the investment allowance under section 32A for the specified period, ruling in favor of the assessee and against the Revenue. It was determined that there was no double deduction issue as the provisions permitted the investment allowance even if deductions were claimed under section 32AB in previous years. The court concluded that the assessee was entitled to the investment allowance for the assessment year 1989-90, and the reference was disposed of accordingly. en-us Tue, 26 Aug 2014 00:00:00 +0530 Mon, 17 Aug 2015 06:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262655 The court upheld the Tribunal's decision allowing the investment allowance under section 32A for the specified period, ruling in favor of the assessee and against the Revenue. It was determined that there was no double deduction issue as the provisions permitted the investment allowance even if deductions were claimed under section 32AB in previous years. The court concluded that the assessee was entitled to the investment allowance for the assessment year 1989-90, and the reference was disposed of accordingly. Case-Laws Income Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262655