https://www.taxtmi.com/caselaws?id=68992 The Tribunal reversed the Commissioner (Appeals)'s decision regarding disallowance computation under section 40A(5) of the Income-tax Act, 1961, holding that electricity charges and salary paid to servants should be considered for disallowance. The Tribunal upheld the allowance of investment allowance for machinery leased out. The Tribunal determined that bottles used in the leasing business constituted 'plant' but rejected 100% depreciation, stating that the assessee is entitled to normal depreciation, not 100% depreciation. en-us Fri, 31 Oct 1986 00:00:00 +0530 Mon, 04 Apr 2011 13:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68992 The Tribunal reversed the Commissioner (Appeals)'s decision regarding disallowance computation under section 40A(5) of the Income-tax Act, 1961, holding that electricity charges and salary paid to servants should be considered for disallowance. The Tribunal upheld the allowance of investment allowance for machinery leased out. The Tribunal determined that bottles used in the leasing business constituted 'plant' but rejected 100% depreciation, stating that the assessee is entitled to normal depreciation, not 100% depreciation. Case-Laws Income Tax Fri, 31 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68992