https://www.taxtmi.com/caselaws?id=55115 Investment allowance under section 32A could not be denied solely because the prescribed particulars were not furnished with the return at the first instance, as the statutory requirement under section 32A(4)(i) and rule 5AA is mandatory but not confined to the return stage; the assessing authority could call for the particulars later, and the claim had to be examined on merits. Invoices produced before the appellate authority were not a basis for outright rejection where they had not been called for earlier; they were to be considered on remand with an opportunity of hearing. The assessment was set aside and the matter restored for fresh consideration on the basis of the particulars, invoices, and other evidence. en-us Fri, 05 Oct 1990 00:00:00 +0530 Wed, 24 Nov 2010 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55115 Investment allowance under section 32A could not be denied solely because the prescribed particulars were not furnished with the return at the first instance, as the statutory requirement under section 32A(4)(i) and rule 5AA is mandatory but not confined to the return stage; the assessing authority could call for the particulars later, and the claim had to be examined on merits. Invoices produced before the appellate authority were not a basis for outright rejection where they had not been called for earlier; they were to be considered on remand with an opportunity of hearing. The assessment was set aside and the matter restored for fresh consideration on the basis of the particulars, invoices, and other evidence. Case-Laws Income Tax Fri, 05 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55115