https://www.taxtmi.com/caselaws?id=62680 The tribunal ruled in favor of the assessee on the depreciation rate for shuttering plates, allowing 30% depreciation under the relevant category. The addition of income from the sale of empty bags was removed by the tribunal, as it was deemed unjustified when a flat rate of profit was applied. The claim for expenditure on pipes and tirpals was dismissed, as separate allowances for specific expenses were considered unwarranted. Regarding the depreciation on cars, the tribunal directed to only disallow 1/3rd of the depreciation related to personal use by partners, partially allowing the appeal in this aspect. en-us Thu, 17 Jul 1980 00:00:00 +0530 Fri, 21 Jan 2011 11:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62680 The tribunal ruled in favor of the assessee on the depreciation rate for shuttering plates, allowing 30% depreciation under the relevant category. The addition of income from the sale of empty bags was removed by the tribunal, as it was deemed unjustified when a flat rate of profit was applied. The claim for expenditure on pipes and tirpals was dismissed, as separate allowances for specific expenses were considered unwarranted. Regarding the depreciation on cars, the tribunal directed to only disallow 1/3rd of the depreciation related to personal use by partners, partially allowing the appeal in this aspect. Case-Laws Income Tax Thu, 17 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62680