2006 (9) TMI 92

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....rh, arising out of its order dated 10.11.1987 in respect of assessment year 1981-82 : "1.Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in allowing the assessee's claim for Rs.2,36,935/- on account of 'leave with wages' in spite of the fact that it was simply a provision and a contingent liability ?" 2. "Whether on the facts and in the circumst....

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....he facts and in the circumstances of the case, the Appellate Tribunal was right in law in allowing tour expenses of Rs.77,713/- as revenue expenditure despite the fact that they were incurred for the import of machinery (capital asset)?" 2. Following our earlier judgment in The CIT v. Oswal Woollen Mills, Ltd., (No.1) 289 ITR 261 (P & H) (ITR No.60 of 1988) passed on April 19, 2006, we decide que....

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.... judgment of Gujarat High Court in CIT v. Starlight Silk Mills P. Ltd. [2006] 280 ITR 257 taking a view that AC plants, electric installation and transformers form integral part of plant and machinery, hence investment allowance is available on the same.  No contrary view has been shown by learned counsel for the Revenue. Keeping in view findings of facts recorded by Commissioner of Income-ta....