1989 (3) TMI 111

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....by S. S. SODHI J.-The assessee, Partap Steel Rolling Mills (Asr.) (P.) Ltd., Amritsar, is engaged in the business of manufacture and sale of steel. During the accounting period ending on September 30, 1976, investment allowance of Rs. 10,98,089 was claimed under section 32A of the Incometax Act, 1961 (hereinafter referred to as "the Act"), in respect of a new oxygen plant installed for its gas di....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... oxygen was an article by itself independent from iron and steel and was otherwise a saleable commodity, the setting up of this unit was an integral part of the assessee's iron and steel manufacturing plant and it must, consequently, be considered to have been installed for the purpose of manufacture or production of one or more of the articles or things specified in the Ninth Schedule. The invest....