https://www.taxtmi.com/caselaws?id=18866 The High Court of BOMBAY ruled against the assessee, a limited company engaged in dyeing, printing, and processing textile goods, in a case concerning the entitlement to additional depreciation under section 32(1)(vi) of the Income-tax Act, 1961. The court determined that the activities of the assessee did not amount to the manufacturing or production of textiles as required by the Act, thereby denying the initial depreciation claim for processing grey cloth. The Tribunal's decision in favor of the assessee was overturned, and the Revenue prevailed, with no costs awarded in the case. en-us Fri, 25 Nov 1994 00:00:00 +0530 Mon, 02 Nov 2009 14:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18866 The High Court of BOMBAY ruled against the assessee, a limited company engaged in dyeing, printing, and processing textile goods, in a case concerning the entitlement to additional depreciation under section 32(1)(vi) of the Income-tax Act, 1961. The court determined that the activities of the assessee did not amount to the manufacturing or production of textiles as required by the Act, thereby denying the initial depreciation claim for processing grey cloth. The Tribunal's decision in favor of the assessee was overturned, and the Revenue prevailed, with no costs awarded in the case. Case-Laws Income Tax Fri, 25 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18866