https://www.taxtmi.com/caselaws?id=23901 HC upheld the Tribunal's view that dies and moulds formed part of "machinery" and, since the machinery was installed after 31.03.1976, the assessee was entitled to investment allowance under s. 32A on the entire cost, irrespective of the date of purchase. The corresponding question was answered in the affirmative, in favour of the assessee and against the Revenue. However, on the deduction for a new industrial undertaking under s. 80J, HC held that filing the prescribed audit report along with the return is a mandatory precondition under s. 80J(6A). Non-compliance rendered the claim inadmissible, and this question was answered in favour of the Revenue. en-us Mon, 10 Apr 1989 00:00:00 +0530 Wed, 03 Dec 2025 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23901 HC upheld the Tribunal's view that dies and moulds formed part of "machinery" and, since the machinery was installed after 31.03.1976, the assessee was entitled to investment allowance under s. 32A on the entire cost, irrespective of the date of purchase. The corresponding question was answered in the affirmative, in favour of the assessee and against the Revenue. However, on the deduction for a new industrial undertaking under s. 80J, HC held that filing the prescribed audit report along with the return is a mandatory precondition under s. 80J(6A). Non-compliance rendered the claim inadmissible, and this question was answered in favour of the Revenue. Case-Laws Income Tax Mon, 10 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23901