https://www.taxtmi.com/caselaws?id=63751 The reassessment proceedings for AY 1982-83 were quashed as the Tribunal found the appellant had disclosed all necessary facts. No capital gains tax was applicable for the transfer of land as possession alone did not constitute a transfer. The Tribunal upheld 100% depreciation on bottles and shells as plant, allowed the deduction of commission to wholesalers, and rejected additions for suppression of sales. For AY 1985-86, the inclusion of capital gains was quashed, disallowance of unpaid sales tax was deleted, and deductions for gratuity were allowed. Overall, the assessee's appeals for AY 1982-83 were allowed, partly allowed for AY 1985-86, and the Department's appeals were partly allowed. en-us Thu, 03 Jun 1993 00:00:00 +0530 Tue, 01 Feb 2011 16:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63751 The reassessment proceedings for AY 1982-83 were quashed as the Tribunal found the appellant had disclosed all necessary facts. No capital gains tax was applicable for the transfer of land as possession alone did not constitute a transfer. The Tribunal upheld 100% depreciation on bottles and shells as plant, allowed the deduction of commission to wholesalers, and rejected additions for suppression of sales. For AY 1985-86, the inclusion of capital gains was quashed, disallowance of unpaid sales tax was deleted, and deductions for gratuity were allowed. Overall, the assessee's appeals for AY 1982-83 were allowed, partly allowed for AY 1985-86, and the Department's appeals were partly allowed. Case-Laws Income Tax Thu, 03 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63751