https://www.taxtmi.com/caselaws?id=12832 The court ruled in favor of the assessee regarding entitlement to relief under section 80J of the Income-tax Act for purchasing second-hand machinery from a different entity. However, the conflict between rule 19A(3) and section 80J was decided in favor of the Revenue, following the precedent set in Lohia Machines Ltd. v. Union of India. The issue of penal interest under section 215 was remitted back for reconsideration by the Appellate Assistant Commissioner, as per the decision in Central Provinces Manganese Ore Co. Ltd. v. CIT. en-us Thu, 13 Dec 2001 00:00:00 +0530 Fri, 22 May 2009 12:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12832 The court ruled in favor of the assessee regarding entitlement to relief under section 80J of the Income-tax Act for purchasing second-hand machinery from a different entity. However, the conflict between rule 19A(3) and section 80J was decided in favor of the Revenue, following the precedent set in Lohia Machines Ltd. v. Union of India. The issue of penal interest under section 215 was remitted back for reconsideration by the Appellate Assistant Commissioner, as per the decision in Central Provinces Manganese Ore Co. Ltd. v. CIT. Case-Laws Income Tax Thu, 13 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12832