https://www.taxtmi.com/caselaws?id=21075 The court affirmed the full allowance of investment and additional depreciation for a private limited company that installed new plant and machinery, emphasizing the completion of installation during the relevant year as crucial for claiming allowances. The High Court upheld the decision, highlighting that the machinery's newness and installation status during the assessment year were pivotal for entitlement to allowances under relevant sections 32(1)(iia) and 32A. Additionally, the court allowed the carry forward of unabsorbed depreciation based on a previous judgment in favor of the assessee, answering both issues in favor of the company. en-us Mon, 14 Jan 1991 00:00:00 +0530 Thu, 19 Nov 2009 17:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21075 The court affirmed the full allowance of investment and additional depreciation for a private limited company that installed new plant and machinery, emphasizing the completion of installation during the relevant year as crucial for claiming allowances. The High Court upheld the decision, highlighting that the machinery's newness and installation status during the assessment year were pivotal for entitlement to allowances under relevant sections 32(1)(iia) and 32A. Additionally, the court allowed the carry forward of unabsorbed depreciation based on a previous judgment in favor of the assessee, answering both issues in favor of the company. Case-Laws Income Tax Mon, 14 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21075