https://www.taxtmi.com/caselaws?id=27796 The court held that the assessee was entitled to a deduction under section 32(1)(iii) of the Income-tax Act for discarded dies used in the manufacturing process, despite the machinery's first use in the previous year. The court emphasized strict construction of the provision, allowing the deduction. The court did not address arguments related to other sections of the Act and ordered each party to bear its own costs as the upheld contention was not raised before the Tribunal. en-us Tue, 30 Aug 1983 00:00:00 +0530 Tue, 16 Feb 2010 11:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27796 The court held that the assessee was entitled to a deduction under section 32(1)(iii) of the Income-tax Act for discarded dies used in the manufacturing process, despite the machinery's first use in the previous year. The court emphasized strict construction of the provision, allowing the deduction. The court did not address arguments related to other sections of the Act and ordered each party to bear its own costs as the upheld contention was not raised before the Tribunal. Case-Laws Income Tax Tue, 30 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27796