https://www.taxtmi.com/caselaws?id=22635 The court overturned the disallowance of investment allowance on tube-wells and weighing machines for the assessment year 1978-79. It held that these assets are integral to the paper production process and qualify as "plant," emphasizing their essential roles in production stages. The court ruled in favor of the assessee, disagreeing with the Tribunal's decision and allowing the investment allowance on tube-wells and weighing machines. The judgment was unanimous with judges SHYAMAL KUMAR SEN and AJIT KUMAR SENGUPTA concurring. en-us Tue, 29 Jan 1991 00:00:00 +0530 Fri, 11 Dec 2009 16:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22635 The court overturned the disallowance of investment allowance on tube-wells and weighing machines for the assessment year 1978-79. It held that these assets are integral to the paper production process and qualify as "plant," emphasizing their essential roles in production stages. The court ruled in favor of the assessee, disagreeing with the Tribunal's decision and allowing the investment allowance on tube-wells and weighing machines. The judgment was unanimous with judges SHYAMAL KUMAR SEN and AJIT KUMAR SENGUPTA concurring. Case-Laws Income Tax Tue, 29 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22635