https://www.taxtmi.com/caselaws?id=62874 A clinker-producing vertical shaft kiln was treated as a separate industrial undertaking because it used distinct machinery and a separate dry process, and it produced marketable clinker even though the output was captively consumed; deduction under section 80-I, and consequentially section 80HH, was allowed. Actuarially valued pension liability was deductible once the amended scheme crystallised the employer's obligation, including the amount relating to prior years brought into account on amendment. Commuted pension retained its character as pension for section 40A(5) and was subject to the ceiling for payments to former employees, with disallowance limited accordingly. Cess on royalty was held outside the pre-amendment scope of section 43B for the relevant year, so deduction was allowed. en-us Thu, 28 Feb 1991 00:00:00 +0530 Sat, 22 Jan 2011 13:10:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62874 A clinker-producing vertical shaft kiln was treated as a separate industrial undertaking because it used distinct machinery and a separate dry process, and it produced marketable clinker even though the output was captively consumed; deduction under section 80-I, and consequentially section 80HH, was allowed. Actuarially valued pension liability was deductible once the amended scheme crystallised the employer's obligation, including the amount relating to prior years brought into account on amendment. Commuted pension retained its character as pension for section 40A(5) and was subject to the ceiling for payments to former employees, with disallowance limited accordingly. Cess on royalty was held outside the pre-amendment scope of section 43B for the relevant year, so deduction was allowed. Case-Laws Income Tax Thu, 28 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62874