Supreme Court · 1967 INSC 147 · Decided 5 May 1967
Commissioner of Income-Tax, Madras v. Mahalakshmi Textile Mills LTD.
- Court
- Supreme Court of India
- Citation
- 1967 INSC 147 · [1967] 3 S.C.R. 957
- Case number
- CIVIL APPEAL No. 784/1966
- Decided
- 5 May 1967
- Bench
- J.C. SHAH, S.M. SIKRI, V. RAMASWAMI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 33, 10(2)(v)
Headnote
c D E F G H Indian Income-tax Act, 1922 (Act JI of 1922) s. 33-P/ea not raised before department-If can be before Tribunal. Expenditure on introducing the Casabalanca conversion system in the spinning plant of the assessee was not allowed as "development rebate" by the Income-tax Officer the factory and considering the literature an.I Gove,mment notifications, h,eld that the "xpenditu:re, though not admissible as development rebate, was admissible as an allowance for current repairs to the existing machinery under s. lO(i) XV of the Income-tax Act. The High Court,
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