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Commissioner Of Income-Tax vs Super Drillers on 23 March, 1995 cites

Commissioner Of Income-Tax vs Buildmet Pvt. Ltd. on 6 February, 1992

But in CIT v. N. C. Budharaja and Co. , one of the questions that arose for consideration of the Supreme Court was whether the judgment of the Karnataka High Court in CIT v. Buildmet P. Ltd. was correct. The Supreme Court held that the benefit of investment allowance under section 32A was not available in respect of new machinery employed in digging bore-wells as sub-clause (iii) of clause (b) of sub-section (2) of section 32A does not comprehend within its ambit construction of a dam, a bridge, a building, a road, a canal and other similar constructions. In as much as the purported construction involved in this case is also a bore-well, the ratio of the Supreme Court squarely applies to this case.
Karnataka High Court Cites 1 - Cited by 3 - S V Patil - Full Document
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