https://www.taxtmi.com/caselaws?id=12635 Investment allowance under section 32A was denied on a transformer used in producing alcoholic drinks because the issue was already covered by an earlier decision involving the same assessee and the same business activity. That prior ruling held that the transformer, purchased for use in the assessee's main business of producing alcoholic drinks, did not qualify for investment allowance. The present question was therefore answered in the negative and in favour of the Revenue, and the assessee was held not entitled to the allowance. en-us Thu, 27 Apr 2000 00:00:00 +0530 Wed, 20 May 2009 17:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12635 Investment allowance under section 32A was denied on a transformer used in producing alcoholic drinks because the issue was already covered by an earlier decision involving the same assessee and the same business activity. That prior ruling held that the transformer, purchased for use in the assessee's main business of producing alcoholic drinks, did not qualify for investment allowance. The present question was therefore answered in the negative and in favour of the Revenue, and the assessee was held not entitled to the allowance. Case-Laws Income Tax Thu, 27 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12635