https://www.taxtmi.com/caselaws?id=19782 The High Court of Calcutta ruled in favor of the assessee in a case involving the interpretation of provisions of the Income-tax Act, 1961. The Court upheld the Tribunal's decision to allow investment allowance on additional equipment and apparatus used for manufacturing tissue papers, considering them part of plant and machinery. Despite a discrepancy in the Tribunal's statement of case, the Court referenced a previous judgment and set a precedent in favor of the assessee. The relief under section 80J for new industrial undertakings was confirmed, and no costs were awarded in the matter. en-us Mon, 30 Aug 1993 00:00:00 +0530 Mon, 09 Nov 2009 16:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19782 The High Court of Calcutta ruled in favor of the assessee in a case involving the interpretation of provisions of the Income-tax Act, 1961. The Court upheld the Tribunal's decision to allow investment allowance on additional equipment and apparatus used for manufacturing tissue papers, considering them part of plant and machinery. Despite a discrepancy in the Tribunal's statement of case, the Court referenced a previous judgment and set a precedent in favor of the assessee. The relief under section 80J for new industrial undertakings was confirmed, and no costs were awarded in the matter. Case-Laws Income Tax Mon, 30 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19782