COMMISSIONER OF INCOME TAX, KOLKATA vs. M/S. HOOGHLY MILLS CO. LTD
The appeal is allowed
C.A. No.-005149-005149 - 2006Supreme Court22 Nov 2006
For Respondent: M/s. Hoogly Mills Co. Ltd
Section 32Section 4(1)
depreciation
only on these items. However, in the present case, the agreement itself
mentioned the value of the building, plant and machinery. Hence it is not
necessary to remit the matter to the tribunal in this case.
No doubt, the word ‘plant’ had been given the deeming meaning vide
Section 43
