Supreme Court · 1999 INSC 563 · Decided 15 December 1999
The Commissioner of Income Tax, Madras v. M/S Sundaram Spinning Mills
- Court
- Supreme Court of India
- Citation
- 1999 INSC 563 · [1999] SUPP. 5 S.C.R. 365
- Case number
- CIVIL APPEAL No. 7434/1997
- Decided
- 15 December 1999
- Bench
- D.P. WADHWA, AJAY PRAKASH MISRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
B Income Tax Act, 1961 : /Xth Schedule, Entry ){)(/-Manufacture of 'Yarn '-Assessee 's claim of higher rate of initial depreciation on machinery­ Manufacturing of yarn <claimed to be amounting to manufacture of textile within the meaning of Entry XXl-Assessing Authority disagreed- C upheld the finding of the Commissioner-On Reference, High Court also upheld the respondent's contention-On appeal, Held: Assesee entitled to higher rate of initial depreciation-Manufacture of yarn would fall within the meaning of textile-Legislature has deliberately widened the D sphere of
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