https://www.taxtmi.com/caselaws?id=58580 The tribunal ruled in favor of the assessee in a case involving the calculation of extra shift allowance for a new manufacturing unit and a deduction claim under section 35D of the Income-tax Act, 1961. The tribunal held that the extra shift allowance should be based on the days the new unit worked double or triple shift and upheld the deduction claim calculated on the share capital, debentures, and long-term borrowings issued in connection with the industrial undertaking. The Commissioner (Appeals) decisions were overturned, and both issues were resolved in favor of the assessee. en-us Tue, 29 Jan 1985 00:00:00 +0530 Mon, 20 Dec 2010 17:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58580 The tribunal ruled in favor of the assessee in a case involving the calculation of extra shift allowance for a new manufacturing unit and a deduction claim under section 35D of the Income-tax Act, 1961. The tribunal held that the extra shift allowance should be based on the days the new unit worked double or triple shift and upheld the deduction claim calculated on the share capital, debentures, and long-term borrowings issued in connection with the industrial undertaking. The Commissioner (Appeals) decisions were overturned, and both issues were resolved in favor of the assessee. Case-Laws Income Tax Tue, 29 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58580