https://www.taxtmi.com/caselaws?id=12274 The court ruled in favor of the assessee, allowing the investment allowance on ultrasound medical diagnostic electrical equipment, air-conditioner, and servo voltage stabilizer under section 32A of the Income-tax Act, 1961. The court emphasized that the images produced by the ultrasound machine constituted a "thing" within the Act's definition, supporting the claim for investment allowance. Referring to precedents and decisions from various High Courts, the court established a consistent interpretation of the law across jurisdictions, ultimately granting the investment allowance based on judicial opinion and the need for uniformity in such matters. en-us Wed, 31 Jul 2002 00:00:00 +0530 Sat, 20 Feb 2010 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12274 The court ruled in favor of the assessee, allowing the investment allowance on ultrasound medical diagnostic electrical equipment, air-conditioner, and servo voltage stabilizer under section 32A of the Income-tax Act, 1961. The court emphasized that the images produced by the ultrasound machine constituted a "thing" within the Act's definition, supporting the claim for investment allowance. Referring to precedents and decisions from various High Courts, the court established a consistent interpretation of the law across jurisdictions, ultimately granting the investment allowance based on judicial opinion and the need for uniformity in such matters. Case-Laws Income Tax Wed, 31 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12274