https://www.taxtmi.com/caselaws?id=16929 Investment allowance under section 32A depended on the factual purpose of the boring operations: if the machinery was used merely to extract underground water, admissibility could not be determined without a finding on that use, and the reference could not be finally answered on the existing record. The High Court directed that the Tribunal ascertain the true purpose of the boring and drawing of water from underground, and allow the parties to adduce evidence if they wished. The matter was therefore remitted to the Tribunal for fresh determination after recording the necessary factual findings. en-us Wed, 18 Feb 1998 00:00:00 +0530 Mon, 14 Sep 2009 11:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16929 Investment allowance under section 32A depended on the factual purpose of the boring operations: if the machinery was used merely to extract underground water, admissibility could not be determined without a finding on that use, and the reference could not be finally answered on the existing record. The High Court directed that the Tribunal ascertain the true purpose of the boring and drawing of water from underground, and allow the parties to adduce evidence if they wished. The matter was therefore remitted to the Tribunal for fresh determination after recording the necessary factual findings. Case-Laws Income Tax Wed, 18 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16929