https://www.taxtmi.com/caselaws?id=16163 The High Court affirmed the decision of the Deputy Commissioner of Income-tax (Appeals) and the Tribunal, allowing the investment allowance for ultrasound medical diagnostic equipment under section 32A of the Income-tax Act. The court held that the ultrasound machine qualifies as manufacturing or producing a new article, based on its function of producing distinct final prints from raw film. Referring to previous judicial decisions, the court found no need to refer the question of law under section 256(2) to itself, as the issue was settled and the Tribunal's decision was supported by relevant precedents. No costs were awarded. en-us Fri, 04 Jun 1999 00:00:00 +0530 Tue, 01 Sep 2009 15:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16163 The High Court affirmed the decision of the Deputy Commissioner of Income-tax (Appeals) and the Tribunal, allowing the investment allowance for ultrasound medical diagnostic equipment under section 32A of the Income-tax Act. The court held that the ultrasound machine qualifies as manufacturing or producing a new article, based on its function of producing distinct final prints from raw film. Referring to previous judicial decisions, the court found no need to refer the question of law under section 256(2) to itself, as the issue was settled and the Tribunal's decision was supported by relevant precedents. No costs were awarded. Case-Laws Income Tax Fri, 04 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16163