https://www.taxtmi.com/caselaws?id=31275 The Tribunal allowed the grant of investment allowance for the year 1986-87 despite the plant and machinery being installed in 1981-82. The decision was based on the interpretation of relevant provisions of the Income-tax Act, allowing for subsequent payments related to the asset to be included in the actual cost. The Tribunal's ruling was upheld, confirming that investment allowance can be granted in subsequent years based on the altered actual cost of the asset. The appeal by the Revenue was dismissed, and the decision favored the assessee. en-us Wed, 11 Jun 2008 00:00:00 +0530 Wed, 09 Feb 2011 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31275 The Tribunal allowed the grant of investment allowance for the year 1986-87 despite the plant and machinery being installed in 1981-82. The decision was based on the interpretation of relevant provisions of the Income-tax Act, allowing for subsequent payments related to the asset to be included in the actual cost. The Tribunal's ruling was upheld, confirming that investment allowance can be granted in subsequent years based on the altered actual cost of the asset. The appeal by the Revenue was dismissed, and the decision favored the assessee. Case-Laws Income Tax Wed, 11 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31275