TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Assessee entitled to allowances for leasing equipment despite not engaged in manufacturing.</h1> <h3>Commissioner of Income Tax Versus Essan Investment Ltd.</h3> Commissioner of Income Tax Versus Essan Investment Ltd. - [2002] 254 ITR 83, 123 TAXMANN 728 The High Court of Madras ruled in favor of the assessee for the assessment year 1983-84 under the Income-tax Act, 1961. The court cited the decision in the case of CIT v. Shaan Finance (P.) Ltd. and concluded that the assessee, engaged in leasing earth-moving equipment for industrial activity, is eligible for allowances even if not directly engaged in manufacturing.
TaxTMI 