https://www.taxtmi.com/caselaws?id=58030 Investment allowance under section 32A was available only where the assessee proved compliance with the statutory cut-off and evidence requirements under the proviso and sub-section (8B). On the facts stated, orders placed before the cut-off date supported allowance for the first four items of machinery, but no such proof was available for the chilling plant, so that item was excluded. The document also notes that a cash credit standing in a partner's account could not be added in the firm's assessment without material linking it to the firm's concealed income, and the supporting order-placement documents were allowed to be verified by the Assessing Officer before final relief on the relevant items. en-us Fri, 05 Feb 1993 00:00:00 +0530 Wed, 15 Dec 2010 18:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58030 Investment allowance under section 32A was available only where the assessee proved compliance with the statutory cut-off and evidence requirements under the proviso and sub-section (8B). On the facts stated, orders placed before the cut-off date supported allowance for the first four items of machinery, but no such proof was available for the chilling plant, so that item was excluded. The document also notes that a cash credit standing in a partner's account could not be added in the firm's assessment without material linking it to the firm's concealed income, and the supporting order-placement documents were allowed to be verified by the Assessing Officer before final relief on the relevant items. Case-Laws Income Tax Fri, 05 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58030