Supreme Court · 1997 INSC 563 · Decided 9 July 1997
M/S South India Viscose LTD. v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1997 INSC 563 · [1997] SUPP. 2 S.C.R. 89
- Case number
- CIVIL APPEAL No. 3179/1982
- Decided
- 9 July 1997
- Bench
- S.C. AGRAWAL, D.P. WADHWA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32(1)(ii), 32(1)
Headnote
INDIA VISCOSE LTD. A v . . COMMISSIONER OF INCOME TAX JULY 9, 1997 [S.C. AGRAWAL AND D.P. WADHWA, JJ.) B Income Tax Act, 1961 : Section 32(1)(ii) and Income Tax Rules, 1962, Rule 5(1) read with Appendix I-Depreciatio11-Deductiom~But for the items expressly excluded C extra shift allowance would allow- able 011 the basis of double and tliple shifts worked by the entire concem and D not to be detem1ined 011 the basis of use to which each item of machinery or plant was put duling those shifts. Normal depreciation allowance and extra shift depreciation al­ lowa11ce-Nature of both-Held,
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