https://www.taxtmi.com/caselaws?id=64677 The ITAT upheld the CIT (A)'s decision in a tax case involving various issues. The taxability of export duty was ruled in favor of the assessee, allowing a deduction of Rs. 5,81,537. The deduction of a loss on the sale of bottles was partially allowed, with Rs. 25,000 deductible. Expenditure on the replacement of an analyser column was treated as revenue expenditure. The investment allowance was permitted for industrial alcohol production. Sales-tax liability for earlier years was deductible except for a penalty amount, leading to the dismissal of the appeal. en-us Mon, 29 Jul 1985 00:00:00 +0530 Wed, 09 Feb 2011 12:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64677 The ITAT upheld the CIT (A)'s decision in a tax case involving various issues. The taxability of export duty was ruled in favor of the assessee, allowing a deduction of Rs. 5,81,537. The deduction of a loss on the sale of bottles was partially allowed, with Rs. 25,000 deductible. Expenditure on the replacement of an analyser column was treated as revenue expenditure. The investment allowance was permitted for industrial alcohol production. Sales-tax liability for earlier years was deductible except for a penalty amount, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 29 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64677