https://www.taxtmi.com/caselaws?id=69422 The Tribunal dismissed the appeal, affirming the disallowances and additions made by the authorities. It upheld the disallowance of the extra shift allowance for computers and the denial of investment allowance on the borewell, allowing only 10% depreciation. The insurance claim was deemed a revenue receipt under Sections 28(iv) and 10(3). Additionally, the Tribunal concluded that relief under Section 80HH must be computed on net income after adjusting losses from other units, aligning with Supreme Court and High Court rulings. Thus, all grounds raised by the assessee were rejected. en-us Mon, 30 Mar 1998 00:00:00 +0530 Sat, 10 Aug 2024 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69422 The Tribunal dismissed the appeal, affirming the disallowances and additions made by the authorities. It upheld the disallowance of the extra shift allowance for computers and the denial of investment allowance on the borewell, allowing only 10% depreciation. The insurance claim was deemed a revenue receipt under Sections 28(iv) and 10(3). Additionally, the Tribunal concluded that relief under Section 80HH must be computed on net income after adjusting losses from other units, aligning with Supreme Court and High Court rulings. Thus, all grounds raised by the assessee were rejected. Case-Laws Income Tax Mon, 30 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69422