https://www.taxtmi.com/caselaws?id=15559 The court ruled against the assessee's claim for initial depreciation and investment allowance under the Income-tax Act for specific assessment years. The dispute arose from the company's manufacturing processes on cloth provided by customers, with activities like de-sizing, scouring, mercerising, bleaching, dyeing, printing, and finishing. Despite initial favorable rulings, the court denied the claim based on a previous judgment, refusing entitlement to the allowances. The court granted leave to appeal to the Supreme Court due to pending appeals and similarities with a prior case. en-us Mon, 22 Dec 1997 00:00:00 +0530 Wed, 26 Aug 2009 10:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15559 The court ruled against the assessee's claim for initial depreciation and investment allowance under the Income-tax Act for specific assessment years. The dispute arose from the company's manufacturing processes on cloth provided by customers, with activities like de-sizing, scouring, mercerising, bleaching, dyeing, printing, and finishing. Despite initial favorable rulings, the court denied the claim based on a previous judgment, refusing entitlement to the allowances. The court granted leave to appeal to the Supreme Court due to pending appeals and similarities with a prior case. Case-Laws Income Tax Mon, 22 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15559