https://www.taxtmi.com/caselaws?id=62855 The article discusses several income-tax treatment issues arising from business expenditure and depreciation claims. It notes that a payment described as a sales tax penalty may still be deductible where it arose from ordinary trading conduct and the assessee had no practical alternative under the then-prevailing legal position. It also addresses partial disallowance of car maintenance for directors, section 41(1) treatment of unclaimed balances with taxability depending on cessation of liability, and limited allowance of section 35B for brochure-related export expenditure. Further, it explains that computers used in factory monitoring qualified for investment allowance and related depreciation, while air-conditioners and voltage stabilisers did not; higher depreciation on generators was allowed by following an earlier decision. en-us Wed, 10 Jan 1990 00:00:00 +0530 Sat, 22 Jan 2011 12:20:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62855 The article discusses several income-tax treatment issues arising from business expenditure and depreciation claims. It notes that a payment described as a sales tax penalty may still be deductible where it arose from ordinary trading conduct and the assessee had no practical alternative under the then-prevailing legal position. It also addresses partial disallowance of car maintenance for directors, section 41(1) treatment of unclaimed balances with taxability depending on cessation of liability, and limited allowance of section 35B for brochure-related export expenditure. Further, it explains that computers used in factory monitoring qualified for investment allowance and related depreciation, while air-conditioners and voltage stabilisers did not; higher depreciation on generators was allowed by following an earlier decision. Case-Laws Income Tax Wed, 10 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62855