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TMI Blog1997 (1) TMI 63X X X X Extracts X X X X X X X X Extracts X X X X ..... ed the following question of law for answer to this court under section 256(1) of the Income-tax Act, 1961. " Whether, on the facts and circumstances of the case, the Tribunal was justified in law in allowing the assessee's appeal against the order of the Commissioner of Income-tax, West Bengal VIII, Calcutta, passed under section 263, upholding the order of the Commissioner of Income-tax (Appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t orders under section 263 of the Income-tax Act, and directed the Assessing Officer to make a fresh order of assessment for the relevant assessment years. The Commissioner of Income-tax was of the view that the depreciation allowable to the assessee was at the rate of 15 per cent. and not at the rate of 30 per cent. Being aggrieved, the assessee preferred an appeal to the Tribunal. The Tribunal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s through coils in storage chamber where heat transfer takes place. The liquid ammonia gains heat from the chamber resulting in lowering the temperature inside the storage chamber at desired level for preservation of stored food stuff. From storage coil ammonia gas at normal temperature is passed through a compressor which is run by electrical energy. The compressed gas becomes hot. Then the hot c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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