1985 (11) TMI 96

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....inical bio-chemist. He invested Rs. 60,954 for the purchase of laboratory equipment used in practice of his profession. He claimed investment allowance with respect to the said laboratory equipment. It was urged that it is with the aid of the plant and machinery purchased by the assessee for Rs. 60,954 he is able to produce the slides of blood specimens and different cultures such as urine culture....

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....ine culture, etc. Thus, the assessee satisfies the condition under section 32 of the Act. Hence, investment allowance should be allowed. In this connection he placed reliance on an order of the Tribunal in First ITO v. Dr. P. Vittal Bhat [1983] 6 ITD 560 (Bang.) (SB) and two decisions of the Madras High Court in Dr. P. Vadamalayan v. CIT [1969] 74 ITR 94 and CIT v. Dr. V.K. Ramachandran [1981] 128....