https://www.taxtmi.com/caselaws?id=64875 The Tribunal upheld the Commissioner (Appeals)'s decision on various issues, including the classification of cash allowances as salary, deductibility of commitment charges, nature of expenses for removing burnt fittings, exclusion of certain expenditures from section 37(2A), method of accounting for export incentives, addition of "bogus liability" to net profit, treatment of insurance compensation as income, depreciation rate on plant and machinery, basis for allowing extra shift allowance, extra shift allowance on tubewells, investment allowance for machinery purchased from investment allowance reserve, weighted deduction under section 35B(1)(b)(ix), disallowance of interest on tax arrears, and levy of interest under section 216. The appeal by the assessee was partly allowed, while the appeal by the Revenue was dismissed. en-us Mon, 06 Jan 1992 00:00:00 +0530 Thu, 10 Feb 2011 17:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64875 The Tribunal upheld the Commissioner (Appeals)'s decision on various issues, including the classification of cash allowances as salary, deductibility of commitment charges, nature of expenses for removing burnt fittings, exclusion of certain expenditures from section 37(2A), method of accounting for export incentives, addition of "bogus liability" to net profit, treatment of insurance compensation as income, depreciation rate on plant and machinery, basis for allowing extra shift allowance, extra shift allowance on tubewells, investment allowance for machinery purchased from investment allowance reserve, weighted deduction under section 35B(1)(b)(ix), disallowance of interest on tax arrears, and levy of interest under section 216. The appeal by the assessee was partly allowed, while the appeal by the Revenue was dismissed. Case-Laws Income Tax Mon, 06 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64875