1997 (12) TMI 30 - HC - Income Tax

Summary

The High Court of Madras ruled that the assessee was not entitled to investment allowance under section 32A of the Income-tax Act, 1961. The court also held that the assessee should be granted extra-shift allowance based on the number of days worked, in accordance with a Supreme Court decision. The court granted leave to the assessee to appeal to the Supreme Court regarding the first question of law.