https://www.taxtmi.com/caselaws?id=6059 Investment allowance could not be denied merely because the assessee itself did not use the machinery for its own manufacturing, where the statutory conditions for the allowance were otherwise satisfied, and the issue was decided in favour of the assessee. Extra shift allowance also could not be refused on the ground that the machinery was used in double shift by a lessee or in one of the assessee's own concerns, because entitlement remained available when admissible under the Act, and this issue too was decided in favour of the assessee. Both questions were answered against the Revenue. en-us Thu, 27 Sep 2001 00:00:00 +0530 Fri, 24 Aug 2018 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6059 Investment allowance could not be denied merely because the assessee itself did not use the machinery for its own manufacturing, where the statutory conditions for the allowance were otherwise satisfied, and the issue was decided in favour of the assessee. Extra shift allowance also could not be refused on the ground that the machinery was used in double shift by a lessee or in one of the assessee's own concerns, because entitlement remained available when admissible under the Act, and this issue too was decided in favour of the assessee. Both questions were answered against the Revenue. Case-Laws Income Tax Thu, 27 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6059