2002 (3) TMI 17

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....lant on the question of admission. This is an appeal under section 260A of the Income-tax Act, 1961, against the order dated August 24, 2001, passed by the Income-tax Appellate Tribunal, Indore. Learned counsel contended that two questions would be involved in this appeal, namely: whether investment allowance of Rs.64,087 was properly allowed by the Assessing Officer towards machinery, which....

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....e assessee, but investment was allowed on the purchases made from May 21, 1988 to February 11, 1989. For the reasoning recorded by the Tribunal, we find that this ground, with regard to investment allowance, has been rendered a question of fact, which is not required to be answered by this court. As regards interest was concerned, the assessee has explained that interest free advance was given ....