https://www.taxtmi.com/caselaws?id=66172 The tribunal allowed the appeals by the fabrication contractor for the assessment years 1982-83 and 1983-84, granting entitlement to investment allowance based on the manufacturing process of producing new articles like cranes and tanks. The disallowance of depreciation on plant and machinery was remitted for consideration, and the addition of cash credits was partially upheld due to lack of documentation and examination of creditors. The judgment highlighted the need to examine creditors for credit transactions and clarified the eligibility of fabrication contractors for investment allowance. en-us Fri, 13 Nov 1987 00:00:00 +0530 Tue, 22 Feb 2011 09:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66172 The tribunal allowed the appeals by the fabrication contractor for the assessment years 1982-83 and 1983-84, granting entitlement to investment allowance based on the manufacturing process of producing new articles like cranes and tanks. The disallowance of depreciation on plant and machinery was remitted for consideration, and the addition of cash credits was partially upheld due to lack of documentation and examination of creditors. The judgment highlighted the need to examine creditors for credit transactions and clarified the eligibility of fabrication contractors for investment allowance. Case-Laws Income Tax Fri, 13 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66172