https://www.taxtmi.com/caselaws?id=10331 The High Court upheld the Tribunal's decision in favor of the assessee regarding the entitlement to claim investment allowance under section 32A(8B) of the Income-tax Act, 1961. The Court emphasized the binding nature of the Tribunal's factual findings, stating that since the Revenue did not challenge these findings, the benefit had to be granted to the assessee. The Court clarified its limited authority to examine factual determinations and highlighted the importance of the specific wording of questions referred in income-tax references. Ultimately, the assessee was granted the investment allowance based on the Tribunal's findings. en-us Mon, 03 Jan 2005 00:00:00 +0530 Mon, 13 Jul 2009 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10331 The High Court upheld the Tribunal's decision in favor of the assessee regarding the entitlement to claim investment allowance under section 32A(8B) of the Income-tax Act, 1961. The Court emphasized the binding nature of the Tribunal's factual findings, stating that since the Revenue did not challenge these findings, the benefit had to be granted to the assessee. The Court clarified its limited authority to examine factual determinations and highlighted the importance of the specific wording of questions referred in income-tax references. Ultimately, the assessee was granted the investment allowance based on the Tribunal's findings. Case-Laws Income Tax Mon, 03 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10331