https://www.taxtmi.com/caselaws?id=59085 The Tribunal upheld the decision denying the assessee-company's claim for depreciation under section 32(1)(vi) of the Income-tax Act, 1961. It concluded that the assessee's activities of joining and laying down pipes did not amount to 'manufacture' or 'production' of new articles as required by the law. The appeal was dismissed, affirming that the assessee did not meet the statutory criteria for claiming depreciation on the machinery used in its business. en-us Thu, 30 Sep 1982 00:00:00 +0530 Thu, 23 Dec 2010 18:26:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59085 The Tribunal upheld the decision denying the assessee-company's claim for depreciation under section 32(1)(vi) of the Income-tax Act, 1961. It concluded that the assessee's activities of joining and laying down pipes did not amount to 'manufacture' or 'production' of new articles as required by the law. The appeal was dismissed, affirming that the assessee did not meet the statutory criteria for claiming depreciation on the machinery used in its business. Case-Laws Income Tax Thu, 30 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59085