Section 32a - Judgment Search Results

Deputy Commissioner of Vs. Sociedade De Fomento Industrial

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (1997)63ITD32(Pune.)

..... ores and the word production was never used in restricted sense sec 32a instead of providing the list of articles for allowing investment allowance ..... ore for claiming deduction by way of investment allowance under s 32a 5 1 various activities are carried on by the assessee viz ..... development rebate under s 33 the provisions of ss 33 and 32a are more or less similar the condition for the grant of .....

Ganesh Steel Industries Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (1995)51TTJ(Chd.)122

..... was used wholly for purposes of the business of the assessee 7 sec 32a 2 b ii however stipulates that in the case of a small ..... any article or thing it is significant to note that in this section the word exclusively is missing in our opinion the intention appears to ..... on the other hand contended that harmonious reading of s 32a 1 and s 32a 2 would show that the machinery on which investment allowance .....

international Computers India Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1997)63ITD195(Mum.)

..... the ones as are specified in sub section 2 of section 32a of the act sub section 2 of section 32a of the act states that the ..... of india case supra we reproduce the provisions of section 32a of the act section 32a investment allowance 1 in respect of a ship or ..... decision had also considered the provisions contained in sub section 5 of section 32a of the act that contained the provisions for withdrawal .....

Commissioner of Income Tax Vs. Davy Ashmore India Ltd. (Now Tata Ashmo ...

Court: Kolkata

Reported in: (1992)108CTR(Cal)246

..... above circular therefore the ito is directed to allow investment allowance to the assessee 6 sec 32a 1 provides for investment allowance as under an assessee can claim deduction in respect of ..... not make specific reserve as required under s 32a 4 of the act according to s 32a 4 ii the deduction under the above section could not be allowed unless an amount equal .....

First Leasing Co. of India Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Reported in: (1983)3ITD808(Mad.)

..... leasing there is no question of transfer of the asset as is referred to in section 32a 5 section 32a 5 would come into operation only when the investment allowance had been originally allowed ..... assessee did not fulfil the conditions laid down in sub section 2 of section 32a although the conditions laid down by sub section 1 of section 32a had been fulfilled he held that though the assessee .....

Deputy Commissioner of Income Tax Vs. Asian Hotels Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

..... is machinery that would be covered by sub s 1 sec 32a nowhere defines the term industrial undertaking the assessee may carry ..... convenient for the purpose of producing or manufacturing the food articles sec 32a 2 b iii requires that the machinery should be installed ..... assessee s claim that the entire income from the restaurant section could be attributable to activities falling within the meaning of .....

ici India Ltd. Vs. Dcit, Sr-15

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2004)90ITD258(Kol.)

..... in respectful agreement with the aforesaid proposition reading section 32a 1 together with the provisions of sub section 5 of section 32a and sub section 4a of section 155 it becomes abundantly clear that the ..... of the legislature in the provisions of clause a of sub section 5 of section 32a and sub section 4a of section 155 that the investment allowance already granted shall be withdrawn if .....

Commissioner of Income Tax Vs. Shaan Finance (P) Ltd.

Court: Supreme Court of India

Reported in: (1998)146CTR(SC)110

..... disallowing the grant of investment allowance when the assessee complies with the requirements of s 32a sec 32a is a beneficial provision in a taxing statute full effect therefore requires to be given ..... such express requirement that the assessee must himself use the plant or machinery is absent sec 32a 2 b merely describes the new plant or machinery which is covered by s .....

Commissioner of Income Tax Vs. Aspinwall and Co. Ltd.

Court: Kerala

Reported in: (1993)115CTR(Ker)85

..... decisions for the purpose of deciding whether curing coffee amounts to manufacture sec 32a 1 and 32 2 b of the it act 1961 are relevant ..... shall in accordance with and subject to the provisions of this section be allowed a deduction in respect of the previous year in ..... to the assessee provided that no deduction shall be allowed under this section in respect of 1 2 the ship or aircraft or machinery .....

Kutch Construction Industries and Rehabilitation Federation Vs. State ...

Court: Gujarat

..... by collector as provided under sub section 2 of section 32a that on receipt of instrument under sub section 3 of section 31 or sub section 1 of section 32a the collector shall provide reasonable opportunity ..... no uncertain terms provides that on receipt of instrument under sub section 3 of section 31 or sub section 1 of section 32a the collector shall afford reasonable opportunity of being heard to .....