https://www.taxtmi.com/caselaws?id=11198 The court ruled in favor of the assessee on both issues. It allowed the investment allowance for medical equipment under section 32A of the Income-tax Act, emphasizing the importance of uniformity in decisions and citing precedents supporting such allowances. Additionally, the court upheld the deletion of the addition made under section 68 concerning share application money, as the assessee had provided sufficient details and evidence to establish the legitimacy of the transactions. The court concurred with the Tribunal's decisions on both matters, ultimately ruling in favor of the assessee. en-us Mon, 22 Dec 2003 00:00:00 +0530 Sat, 01 Aug 2009 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11198 The court ruled in favor of the assessee on both issues. It allowed the investment allowance for medical equipment under section 32A of the Income-tax Act, emphasizing the importance of uniformity in decisions and citing precedents supporting such allowances. Additionally, the court upheld the deletion of the addition made under section 68 concerning share application money, as the assessee had provided sufficient details and evidence to establish the legitimacy of the transactions. The court concurred with the Tribunal's decisions on both matters, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 22 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11198