2009 (2) TMI 47

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....court was delivered by J. S. KHEHAR J. - In the present reference addressed to this court by the Income-tax Appellate Tribunal (Amritsar Bench), an answer has been sought to the following question of law:- "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding that the assessee, who is a doctor in medical profession was enti....

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....investment allowance under section 32A of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). 4. Reference was also made to the decision rendered by the Patna High Court in Commissioner of Income- tax v. Dr. L. C. Mitra [1998] 234 ITR 805, wherein, deduction as investment allowance under section 32A of the Act was claimed on account of purchase of parts of an X-ray machine. Herein ....

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....the scope of investment allowance under section 32A of the Act. 7. The matter was also adjudicated upon by the Gujarat High Court wherein, it arrived at the conclusion that air-conditioner and fans purchased by a professional doctor practising in the field of medical profession would be included within the scope of investment allowance under section 32A of the Act. The court accordingly allowed....