Third, the assessee had dug bore-wells and had constructed water storage tanks at the factory premises. Fourth, the assessee had incurred ... owned and allotted to the executives and depreciation allowance on the storage tanks and bore-wells at higher rates as plant and machinery and share
case, the assessee was entitled to investment allowance on the storage tank ?"
2. The assessee derives income form manufacture of non-edible oil from ... cake and rice-bran. Since the production is primarily oil, a storage tank is absolutely necessary for the purpose of the business of the assess
refractory materials;
(vi) tubes and pipes and fittings thereof; (vii)
storage tanks used in the factory of the
manufacturer of final products, but does ... definition of Rule 57-Q there
was no storage tank included in the
definition of capital goods. It is only
by Notification dated
refractory materials;
(vi) tubes and pipes and fittings thereof; (vii)
storage tanks used in the factory of the
manufacturer of final products, but does ... definition of Rule 57-Q there
was no storage tank included in the
definition of capital goods. It is only
by Notification dated
refractory materials;
(vi) tubes and pipes and fittings thereof; (vii)
storage tanks used in the factory of the
manufacturer of final products, but does ... definition of Rule 57-Q there
was no storage tank included in the
definition of capital goods. It is only
by Notification dated
fé3cture of
storage tanks. Even otnerwisevvEn"oegF1--.Ati1e'f:vai:er stored in
a etorage i:an_i.<~ie "_usec ... ées. s*tored'i'r:----~t.he storage tank are not
used in-,the :*i1ai1'i;ifaVCE
that the assessee is entitled for extra shift allowance on the storage tank as the same is part of plant and machinery ?
(10) The Tribunal ... Question No. (9) is whether extra shift allowance is admissible on storage tanks treating them as part of plant and machinery. The ITO held that
provisions of the rules and the conditions of the licence regulate the storage, manufacture, transport, use and sale of rectified spirit brought to the distillery ... shortage of 11,624 litres of rectified spirit in the storage tank No. 1 of the respondent and on satisfying himself that there was shortage
brought into a local area and stored in the storage tanks situated in a local area, the Southern Railway causes the "entry ... locomotive tanks is not used, but is also storage. Whether the HSD is in the storage tank or in locomotive tank, the position and purpose
with no permanent structures
subject to the construction of an underground
storage tank that would be required for the
outlet,
[iii] as and when ... time, the petitioner
will remove the temporary structures, and the
underground storage tank as necessitated.
Sri S K Venkatachalapathi, the learned counsel for
the sixth
