Typewriter is a machinery for depreciation under Income Tax Act

HIGH COURT OF MADRAS CIT  v. Lakshmi Vilas Bank TAX CASE APPEAL NO. 756 OF 2004 April 26, 2012 JUDGMENT Chitra Venkataraman, J. This Tax Case (Appeal) filed by the Revenue was admitted on the following substantial questions of law relating to the assessment year 1992-93: “1.  Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that a sum of Rs. 47,13,112/- as a bad debt for the period under consideration, the assessee is entitled to the bad debt written off as allowable, even though the same was hit by the provi...