from its storage tank to the stand by tank on occasions of emergency. MIC
has to be stored in the tanks under pressure by using ... without full
inter-mediate storage and quality determination. Carbon steel sections are
used in the connectors to the storage tanks. Copper tubes are used
Mukundakam Sharma, J.
1. Whether an agreement for erection of oil storage tank
together with pump house, chowkidar cabins, switch room,
residential rooms and verandah ... approved the layout plan
for the construction of 10 oil storage tanks of petroleum
products.
6. Subsequent to that the appellant raised various
constructions comprising
tanks. The rateable value of the tanks was fixed on the basis of the capacity of each of the tanks. On appeal to the Court ... space heating, has naturally called for large storage and distribution centers. The largest storage tanks are generally found in coastal areas near to ports
while the assessee collecting the amount for Molasses storage fund and construction of molasses storage tank would amount to application of income, there ... purpose of creating a molasses storage fund in order to construct a molasses storage tank. Out of the amount belonging to the fund, the assessee
through pipes. From the storage tank the movement to measurement tank is by pipes and from the measurement tank to re-action vessels the movement ... force if any acquired by the storage of the liquid alkyd benzene or sulphuric acid in the storage tanks which are stated
effect:
"(b) That the Committee inspected the
upper Bhuila Water storage Tank alongwith its
distribution system. Twenty No's of water
connections have ... been given from Upper
Bhuila Storage Tank. The Committee
observed that water supply is enough and the
distribution system of water in the area
utilised for providing such storage facility., According to learned counsel, in case the assessee-company fails to construct the storage tank as per the provisions ... credited to the storage fund account for being utilised for the construction of the storage tanks.
A similar question was considered by the Bombay High
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
thereto of the Indian Income-tax Act, 1922 , on the water storage tank constructed by him in connection with his business of supplying water ... Appellate Assistant Commissioner. He held that the assessee's water storage tank could be regarded as a "plant" on the analogy that
