1998 (6) TMI 3

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....ion 256(1) of the Income-tax Act, 1961 ("the Act"), the Income-tax Appellate Tribunal has referred the following questions of law to this court for opinion, out of which question No. (i) is at the instance of the Revenue and questions Nos. (ii) and (iii) are at the instance of the assessee. "(i) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding....

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....rein it has been held that the assessee is not entitled to investment allowance under section 32A of the Act. In view of the above question No. (i) is answered in the negative, i.e, in favour of the Revenue and against the assessee. So far as questions Nos. (ii) and (iii) are concerned, the controversy the rein pertains to entitlement of the assessee to claim extra-shift allowance in respect of....