Depreciation ::
Court :
HC
Brief :
Held by the Hon`ble Court that, extra shift allowance has to be calculated for the number of days on which concern worked as a whole and not on the basis of each part of machinery which worked extra shift.
Citation :
C.I.T. Vs. Hind Woollen and Hosiery Mills
Depreciation
C.I.T. Vs. Hind Woollen and Hosiery Mills
09/05/2006
[2007] 294 ITR 412 (P&H)
Case Fact:
Whether, extra shift allowance only in respect of machinery which worked extra shift not for whole concern is justified?
Decision:
Held by the Hon`ble Court that, extra shift allowance has to be calculated for the number of days on which concern worked as a whole and not on the basis of each part of machinery which worked extra shift.
CA.Saibaburao Nanduri
Published in Income Tax
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