2001 (4) TMI 44 - HC - Income Tax

Summary

The High Court of Madras delivered a judgment on tax cases related to assessment years 1984-85, 1985-86, and 1986-87. The court ruled in favor of the assessee for investment allowance on machinery but against treating the building as a plant and allowing extra-shift allowance on the building. The Revenue's challenge to the Tribunal's decision was partially successful.