Depreciation ::

Last updated: 03 November 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, extra shift allowance has to be calculated for the number of days on which concern worked as a whole and not on the basis of each part of machinery which worked extra shift.

Citation :
C.I.T. Vs. Hind Woollen and Hosiery Mills

Depreciation C.I.T. Vs. Hind Woollen and Hosiery Mills 09/05/2006 [2007] 294 ITR 412 (P&H) Case Fact: Whether, extra shift allowance only in respect of machinery which worked extra shift not for whole concern is justified? Decision: Held by the Hon`ble Court that, extra shift allowance has to be calculated for the number of days on which concern worked as a whole and not on the basis of each part of machinery which worked extra shift.