COMMNR. OF INCOME TAX, BANGALORE vs MAHARASHTRA APEX CORPN. — C.A. No. 478/1998

Summary: The Supreme Court dismissed the Commissioner of Income Tax's appeal on 27 September 2001. The appeal concerned two tax questions referred by the Tribunal: whether investment allowance and extra shift allowance should be granted despite the machinery not being used by the assessee for its own manufacturing. The High Court had answered both questions in favor of the assessee, and the Supreme Court upheld this decision, finding the issues were covered by precedent in Commissioner of Income Tax v. Shaan Finance (P) Ltd. No costs were awarded. This case analysis is maintained by casestatus.in based on publicly available court records.