TMI Blog1998 (4) TMI 39X X X X Extracts X X X X X X X X Extracts X X X X ..... ibunal was right in holding that the assessee is entitled to investment allowance on cranes leased out on hire to other concerns by the assessee. The question arises out of the assessment of the respondent's income for the year 1980-81. The assessee had appealed to the Commissioner against the order of the Income-tax Officer denying the relief claimed by her. The Commissioner, in the course of h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Revenue contended that the assessee had not used the cranes herself, but, had only let them out on hire. The Tribunal agreeing with the Commissioner held that the fact that the assessee had not herself used the crane for manufacturing purpose would not disentitle her from claiming the investment allowance, having regard to the fact what the Commissioner had stated in his order. The Tribunal held ..... X X X X Extracts X X X X X X X X Extracts X X X X
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