https://www.taxtmi.com/caselaws?id=60699 The Tribunal dismissed the appeals, upholding the CIT(A)'s orders confirming the AO's actions in withdrawing the investment allowance under Section 32A(5), recomputing total income under Section 155(4A), and revising the amount of interest under Section 234B(4). The Tribunal found that the sale of the Fertilizer and Fibres Divisions constituted a transfer of the plant and machinery, triggering the withdrawal of investment allowance and necessitating the recomputation of income and revision of interest. en-us Tue, 25 Nov 2003 00:00:00 +0530 Fri, 07 Jan 2011 16:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60699 The Tribunal dismissed the appeals, upholding the CIT(A)'s orders confirming the AO's actions in withdrawing the investment allowance under Section 32A(5), recomputing total income under Section 155(4A), and revising the amount of interest under Section 234B(4). The Tribunal found that the sale of the Fertilizer and Fibres Divisions constituted a transfer of the plant and machinery, triggering the withdrawal of investment allowance and necessitating the recomputation of income and revision of interest. Case-Laws Income Tax Tue, 25 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60699