Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (6) TMI 8 - HC - Income TaxExtract: .......As held by the apex court, it is not necessary in order to claim this allowance, that the assessee himself should be engaged in the manufacture. The fact that the machinery owned by the assessee is leased to manufacturers and used for manufacture is sufficient. The reference is, therefore, answered in favour of the assessee and against the Revenue.
|