considering on merit its additional claim for investment allowance
under Section 32AC(1A) of the Income-tax Act, 1961 (hereinafter
"the Act"), amounting ... assessee raised an additional ground, claiming
deduction under section 32AC amounting to ₹19,11,38,877/-, being
15% of the investment in new plant
additional claim of deduction of
Rs.11,66,05,610/- under section 32AC of the Income Tax Act, 1961, made by the
assessee through ... u/s. 14A (Normal provisions as well 4,83,46,713
as MAT u/s. 115JB )
8. Disallowance of investment allowance u/s. 32AC
additional claim of deduction of
Rs.11,66,05,610/- under section 32AC of the Income Tax Act, 1961, made by the
assessee through ... u/s. 14A (Normal provisions as well 4,83,46,713
as MAT u/s. 115JB )
8. Disallowance of investment allowance u/s. 32AC
account of disallowance
of investment allowance claimed u/s. 32AC on dispensing units in retail outlets
ignoring the fact that the dispensing units ... meaning of plant
and hence, not eligible for claim of deduction U/s. 32AC.
2
ITA No. 3866/Mum/2025
Hindustan Petroleum Corporation
