https://www.taxtmi.com/caselaws?id=55089 a direct nexus with the Industrial Undertaking. 14. Addition on Account of Withdrawal from Investment Deposit Account u/s 32AB(6): The Tribunal upheld the addition made by the Assessing Officer, agreeing that the withdrawal from the Investment Deposit Account was not utilized for the specified purpose under section 32AB(6). Overall, the Tribunal provided a mixed outcome, with certain matters remanded for further examination, some disallowances upheld, and others reversed, reflecting a detailed assessment of the applicability of various sections of the Income Tax Act. en-us Mon, 25 Apr 2005 00:00:00 +0530 Mon, 06 May 2024 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55089 a direct nexus with the Industrial Undertaking. 14. Addition on Account of Withdrawal from Investment Deposit Account u/s 32AB(6): The Tribunal upheld the addition made by the Assessing Officer, agreeing that the withdrawal from the Investment Deposit Account was not utilized for the specified purpose under section 32AB(6). Overall, the Tribunal provided a mixed outcome, with certain matters remanded for further examination, some disallowances upheld, and others reversed, reflecting a detailed assessment of the applicability of various sections of the Income Tax Act. Case-Laws Income Tax Mon, 25 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55089