C.I.T., A.P.-II vs M/S.CBR HATCHERIES — C.A. No. 3545/1998

Summary On 17/07/2001, the Supreme Court allowed the civil appeal filed by the Commissioner of Income Tax, A.P.-II against M/s. C.B.R. Hatcheries (P) Ltd. The High Court had declined to refer two questions regarding the assessee's entitlement to investment allowance under Section 32-A of the Income Tax Act for setters and incubators, relying on its earlier decision in Sri Venkateswara Hatcheries case. The Supreme Court set aside that decision, which had been overruled by the Supreme Court itself in a subsequent Venkateswara Hatcheries judgment. Accordingly, the Court directed the Tribunal to refer the two questions to the High Court for fresh decision in accordance with law. No order as to costs was made. This case analysis is maintained by casestatus.in based on publicly available court records.