https://www.taxtmi.com/caselaws?id=15560 Investment allowance under section 32A was held unavailable for machinery installed in the relevant accounting year because the Madras HC followed its earlier rulings on the same issue, including the assessee's own case. Applying the same reasoning to the assessment year 1982-83, the Court upheld the Tribunal's view that the assessee was not entitled to the allowance. The question referred was answered in the affirmative and against the assessee, reflecting that prior decisions on identical facts controlled the outcome. en-us Mon, 22 Dec 1997 00:00:00 +0530 Wed, 26 Aug 2009 10:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15560 Investment allowance under section 32A was held unavailable for machinery installed in the relevant accounting year because the Madras HC followed its earlier rulings on the same issue, including the assessee's own case. Applying the same reasoning to the assessment year 1982-83, the Court upheld the Tribunal's view that the assessee was not entitled to the allowance. The question referred was answered in the affirmative and against the assessee, reflecting that prior decisions on identical facts controlled the outcome. Case-Laws Income Tax Mon, 22 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15560