https://www.taxtmi.com/caselaws?id=30554 The Court upheld the disallowance of the claim under Section 32(1)(iii) of the Income Tax Act, emphasizing the necessity of machinery usage for business purposes during the relevant period. The decision was based on the consistent findings of non-usage by all authorities and in accordance with legal interpretations from relevant case law. en-us Tue, 27 Feb 2007 00:00:00 +0530 Tue, 02 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30554 The Court upheld the disallowance of the claim under Section 32(1)(iii) of the Income Tax Act, emphasizing the necessity of machinery usage for business purposes during the relevant period. The decision was based on the consistent findings of non-usage by all authorities and in accordance with legal interpretations from relevant case law. Case-Laws Income Tax Tue, 27 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30554