https://www.taxtmi.com/caselaws?id=61872 The tribunal partly allowed ITA Nos. 42 (Coch)/90, 43 (Coch)/90, and 44 (Coch)/90, dismissing ITA No. 41 (Coch)/90. The disallowance of excess bonus provision for the assessment year 1985-86 was deleted, along with the disallowance of ex gratia payments. Deductions for ex gratia payment and customary bonus for the assessment year 1986-87 were partially allowed, subject to verification. Disallowance under section 43B of the I.T. Act for the assessment year 1986-87 was modified. Investment allowance on electrical installations and moulds was granted, and additional depreciation on plant and machinery was denied. Disallowances of presentation articles under Rule 6B were upheld for both assessment years. The deduction of commission paid to canvassing agents was dismissed. en-us Wed, 04 Jan 1995 00:00:00 +0530 Sun, 06 Feb 2011 04:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61872 The tribunal partly allowed ITA Nos. 42 (Coch)/90, 43 (Coch)/90, and 44 (Coch)/90, dismissing ITA No. 41 (Coch)/90. The disallowance of excess bonus provision for the assessment year 1985-86 was deleted, along with the disallowance of ex gratia payments. Deductions for ex gratia payment and customary bonus for the assessment year 1986-87 were partially allowed, subject to verification. Disallowance under section 43B of the I.T. Act for the assessment year 1986-87 was modified. Investment allowance on electrical installations and moulds was granted, and additional depreciation on plant and machinery was denied. Disallowances of presentation articles under Rule 6B were upheld for both assessment years. The deduction of commission paid to canvassing agents was dismissed. Case-Laws Income Tax Wed, 04 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61872