https://www.taxtmi.com/caselaws?id=67964 The Tribunal partially allowed the appeal, directing the capitalization of administrative expenses related to construction, disallowing the capitalization of interest, resulting in the failure of investment allowance and relief claims. The central subsidy was not considered a cost contribution, allowing depreciation and investment allowance without reducing the subsidy amount. Investment allowance on building construction equipment was permitted, while depreciation claims on the boiler plant and extra shift depreciation on weighing machines were denied. Guest house expenses were disallowed as per Section 37(5). en-us Tue, 23 Jun 1987 00:00:00 +0530 Tue, 15 Mar 2011 18:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67964 The Tribunal partially allowed the appeal, directing the capitalization of administrative expenses related to construction, disallowing the capitalization of interest, resulting in the failure of investment allowance and relief claims. The central subsidy was not considered a cost contribution, allowing depreciation and investment allowance without reducing the subsidy amount. Investment allowance on building construction equipment was permitted, while depreciation claims on the boiler plant and extra shift depreciation on weighing machines were denied. Guest house expenses were disallowed as per Section 37(5). Case-Laws Income Tax Tue, 23 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67964