disallowing deduction of Rs. 16,08,70,789/- claimed u/s 32AC of the
Act.
2.Ld. CIT(A) erred in law and on facts ... disallowance
although the appellant fulfilled all the conditions laid down u/s 32AC
of the Act.
3. Ld. CIT(A) erred
several details
pertaining to Petitioner's claim for deductions under Section 32AC of
the Act. These include details of the installation of the machinery ... Certification for the
purpose of calculation of allowance under Section 32AC of the Act.
3. The assessment came to completed by an order dated
PCIT erred in not appreciating that the word production appearing in sec.
32AC has a wider connotation in comparison to "manufacturer ... revision on three issues viz. (i) claim of
deduction u/s 32AC; (ii) claim of additional depreciation u/s 32(1)(ii); &
(iii) Disallowance
filed on 29.11.2016, wherein, the assessee
had claimed investment allowance u/s 32AC and the additional depreciation.
It was the submission that subsequently ... made its
claim u/s.35AD instead of investment allowance u/s.32AC and the additional
depreciation. It was the submission that the Assessing Officer
payments made to US authorities 10 -
Disallowance of deduction claimed u/s. 32AC 11 11
Partial disallowance u/s. 35(2AB) 12 -
Relief/deduction
wrongly mentioned due to
typographical error instead of " section 32AC of the I.T. Act" and
therefore the first sentence of para ... proceeding further, there is necessity to examine
the background under which section 32AC of the I.T. Act was
introduced."
4. Except
