1981 (4) TMI 57

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..... ences, I.T.R.Nos. 98, 99, 100 and 130 of 1976 as they are between the same parties and involve common questions of law. The assessee, a public limited company, is engaged in the manufacture of sugar and machinery for sugar mills, cement factories, etc. The assessee claimed depreciation at the rate of 15 per cent. under s. 32(1)(ii) of the I.T. Act in respect of the written down value of certain .....

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..... Questions Nos. 1 and 2 in I.T.R. Nos. 98 and 99 relate to these expenses. So far as these two questions are concerned, learned counsel for the parties are agreed that they have to be answered in the affirmative, that is, against the revenue and in favour of the assessee in view of our judgment in I.T.R. Nos. 50 to 52 of 1976 (Saraswati Industrial Syndicate Ltd. v. CIT-[1982] 136 ITR 361), between .....

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..... ane juice, which comes into contact with the machinery, contains lime and sulphuric acid, which are corrosive chemicals and the fact that they were mixed with sugarcane juice would be of no consequence. We are unable to subscribe to this view. Lime and sulphuric acid are mixed with the sugarcane juice to filter and purify the juice but by their mixture, the juice itself is not converted into a che .....

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