https://www.taxtmi.com/caselaws?id=64281 Functional structures essential to factory premises were treated as part of the factory building for depreciation, subject to verification. Data processing equipment installed for manufacturing was held eligible for investment allowance and additional depreciation, while air-conditioning and canteen equipment were remanded for reconsideration. Sales tax liability and additional royalty on exchange variation were allowed on actual payment basis under section 43B, subject to proof of remittance. Business-purpose legal, publicity and pollution-control payments were allowed as revenue expenditure. Stock shortage addition was deleted as a minor, genuine shortage. Car-with-chauffeur treatment was upheld as a perquisite, while motor-car disallowance was limited to items within the restriction provision. Financing charges under the IDBI bills rediscounting scheme formed part of capital cost for capital allowances. en-us Mon, 23 Feb 1998 00:00:00 +0530 Sat, 05 Feb 2011 18:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64281 Functional structures essential to factory premises were treated as part of the factory building for depreciation, subject to verification. Data processing equipment installed for manufacturing was held eligible for investment allowance and additional depreciation, while air-conditioning and canteen equipment were remanded for reconsideration. Sales tax liability and additional royalty on exchange variation were allowed on actual payment basis under section 43B, subject to proof of remittance. Business-purpose legal, publicity and pollution-control payments were allowed as revenue expenditure. Stock shortage addition was deleted as a minor, genuine shortage. Car-with-chauffeur treatment was upheld as a perquisite, while motor-car disallowance was limited to items within the restriction provision. Financing charges under the IDBI bills rediscounting scheme formed part of capital cost for capital allowances. Case-Laws Income Tax Mon, 23 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64281