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2006 (2) TMI 126 - HC - Income Tax"(i) Whether Tribunal was right in law in confirming the first appellate authority's order deleting the addition made on account of bogus purchases? - trading results of the assessee had all along been accepted and the purchases of scrap from the seven parties could not be termed as bogus – so tribunal was justified in dleting the additions - (ii) Whether, Tribunal was right in deleting the addition of made in the trading account by invoking the provisions of section 145(2)? – Held, yes - In respect of allowability of triple shift allowance on machinery held that, "extra shift allowance has to be calculated on the basis of the number of days during which the concerned had actually worked double shift or triple shift and the said allowance is not required to be calculated on the basis of the number of days a particular item of machinery or plant had worked double shift or triple shift
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