https://www.taxtmi.com/caselaws?id=13838 The High Court ruled in favor of the assessee, determining that the data processing machine was eligible for investment allowance under Section 32A of the Income-tax Act, 1961. The court held that the machine should not be classified as an office appliance and therefore qualified for the investment allowance. The Tribunal's decision to equate the machine with an item in the Eleventh Schedule was deemed erroneous, as there was no evidence that the machine was used to produce any listed item. The court emphasized that the Eleventh Schedule lists items produced, not the machinery itself, and various High Court rulings supported the eligibility of data processing machines for investment allowance. en-us Thu, 06 Sep 2001 00:00:00 +0530 Fri, 03 Jul 2009 12:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13838 The High Court ruled in favor of the assessee, determining that the data processing machine was eligible for investment allowance under Section 32A of the Income-tax Act, 1961. The court held that the machine should not be classified as an office appliance and therefore qualified for the investment allowance. The Tribunal's decision to equate the machine with an item in the Eleventh Schedule was deemed erroneous, as there was no evidence that the machine was used to produce any listed item. The court emphasized that the Eleventh Schedule lists items produced, not the machinery itself, and various High Court rulings supported the eligibility of data processing machines for investment allowance. Case-Laws Income Tax Thu, 06 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13838