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.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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