1997 (12) TMI 29

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ce of the assessee and the Appellate Tribunal has referred the following question of law for the assessment year 1982-83 for our consideration: "Whether, on the facts and in the circumstances of the case, the Tribunal is justified in law in holding that the assessee is not entitled to investment allowance under section 32A of the Income-tax Act in respect of machinery installed in the account yea....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n the accounting year and we answer the question of law referred to us in the affirmative and against the assessee. At the time of conclusion of our judgment, Mr. S.A. Balasubramanian, learned counsel for the assessee, prays for an oral leave of this court to appeal to the Supreme Court of India on the ground that this court has granted leave to appeal to the Supreme Court in CIT v. S.S.M. Proce....