1978 (2) TMI 29 - HC - Income Tax

Summary

The High Court of Madras ruled in favor of the assessee on both questions for the assessment year 1969-70. The court held that the assessee was entitled to extra shift allowance for wirings and fittings of electric machinery. Additionally, the manufacture of rims and wheels for cycles was considered as falling under "Cycle manufacture works," entitling the assessee to depreciation at 10% on general machinery used. The department was ordered to pay the costs of the assessee, including counsel's fee of Rs. 500.