1992 (3) TMI 37

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....the instance of the Revenue, the Tribunal has referred the following question to this court under section 256(1) of the Income-tax Act, 1961: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding that the assessee is entitled to 100 per cent. depreciation in respect of earthen work of kyaras, pans, reservoirs and roads and oth....

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....or consideration by this court in CIT v. Bhavnagar Salt and Industries Works P. Ltd. [1987] 163 ITR 265. In that case also, the Income-tax Officer had refused to allow the assessee's claim for 100 per cent. depreciation solely on the ground that salt pans, etc., were not new. This court held that the said view of the Income-tax Officer was not correct. This court further held that if salt pans, et....