1997 (7) TMI 10 - SC - Income Tax

Whether, on the facts and in the circumstances of the case, the assessee is entitled to extra shift allowance in respect of the machineries added during the previous year relevant to the assessment year 1970-71 on the basis of double and triple shifts worked by the entire concern - Held yes

Summary

The Supreme Court allowed the appeal by the assessee against the High Court judgment, answering in favor of the assessee regarding entitlement to extra shift allowance for machineries added during the relevant assessment year. The High Court judgment was set aside, and the question was answered in favor of the assessee.