1982 (2) TMI 150 - AT - Income Tax

Summary

The Appellate Tribunal ITAT MADRAS dismissed the appeal by the revenue regarding the allowance of depreciation and extra shift allowance. The Tribunal found the orders passed by the ITO under section 154 invalid and cancelled them, stating that there was no mistake apparent from the record. The subsequent order granting extra shift allowance was also deemed invalid. The appeal filed by the ITO was consequently dismissed.