https://www.taxtmi.com/caselaws?id=15379 The High Court held that electrical transformers were not eligible for extra shift allowance under the Income-tax Act, 1961. The Court determined that transformers were independent items under the general depreciation rate, not integral parts of textile processing machinery. Relying on the interpretation of the rules and precedent, the Court ruled in favor of the Revenue, denying the extra shift allowance to the transformers. en-us Thu, 26 Mar 1998 00:00:00 +0530 Thu, 06 Aug 2009 11:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15379 The High Court held that electrical transformers were not eligible for extra shift allowance under the Income-tax Act, 1961. The Court determined that transformers were independent items under the general depreciation rate, not integral parts of textile processing machinery. Relying on the interpretation of the rules and precedent, the Court ruled in favor of the Revenue, denying the extra shift allowance to the transformers. Case-Laws Income Tax Thu, 26 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15379