https://www.taxtmi.com/caselaws?id=69604 The Tribunal held that the Commissioner of Income-tax was not justified in denying the assessee hotel's claim for extra depreciation under the Income-tax Rules, 1962, as the withdrawal of development rebate did not automatically withdraw extra depreciation. The Tribunal also directed the Assessing Officer to allow the extra shift allowance for plant and machinery, as the assessee met the eligibility criteria. The Tribunal set aside the CIT's order and restored the Assessing Officer's decision to grant both extra depreciation and extra shift allowance to the assessee. en-us Tue, 27 Apr 1993 00:00:00 +0530 Tue, 25 Jun 2013 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69604 The Tribunal held that the Commissioner of Income-tax was not justified in denying the assessee hotel's claim for extra depreciation under the Income-tax Rules, 1962, as the withdrawal of development rebate did not automatically withdraw extra depreciation. The Tribunal also directed the Assessing Officer to allow the extra shift allowance for plant and machinery, as the assessee met the eligibility criteria. The Tribunal set aside the CIT's order and restored the Assessing Officer's decision to grant both extra depreciation and extra shift allowance to the assessee. Case-Laws Income Tax Tue, 27 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69604