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Judgment Search Results Home > Cases Phrase: mediation Court: chennai Year: 1998 Page 15 of about 141 results (0.032 seconds)

Jul 08 1998 (HC)

Commissioner of Income-tax Vs. Revathi, C.P. Equipments Ltd.

Court : Chennai

Decided on : Jul-08-1998

Reported in : [2000]245ITR686(Mad)

r. jayasimha babu, j. 1. at the instance of the revenue, the following questions have been referred to us, arising' out of the tribunal's order relating to the assessment of the respondent's income for the assessment year 1979-80 : '1. whether, on the facts and in the circumstances of the case, the appellate tribunal is right in law in upholding the order of the commissioner of income-tax (appeals) granting depreciation on the properties purchased by document dated may 7, 1979, for the assessment year 1979-80 2. whether, on the facts and in the circumstances of the case and having' regard to the provisions of section 34 of the income-tax act, 1961, the appellate tribunal's conclusion that the assessee is entitled for depreciation for the assessment year 1979-80 on the properties purchased by document dated may 7, 1979, is supported by valid materials and sustainable in law 3. 'whether, on the facts and in the circumstances of the case, the appellate tribunal was right and had valid materials to hold that a sum of rs. 3,09,500 paid by the assessee to consolidated pneumatic tool co. (india) ltd. for developing new prototype of a more efficient compressor to be supplied to the assessee only and not to any other rig manufacturer in india, is allowable as revenue expenditure by treating that expenditure did not confer enduring benefit to the assessee ?' 2. the assessee is a manufacturer of rigs. compressors are essential parts of rigs, but the compressors are not manufactured by .....

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