https://www.taxtmi.com/caselaws?id=69643 The case involved the taxability of "hank yarn obligation premiums" as revenue or capital receipts, disallowance under section 37(3A) of the Income Tax Act, and the treatment of initial depreciation. The Tribunal held that the premiums constituted revenue receipts, dismissing the assessee's appeals. The disallowance under section 37(3A) was upheld, and the issue of initial depreciation treatment was remitted for fresh consideration. The departmental appeal was treated as partly allowed for statistical purposes. en-us Fri, 17 Sep 1993 00:00:00 +0530 Mon, 11 Apr 2011 11:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69643 The case involved the taxability of "hank yarn obligation premiums" as revenue or capital receipts, disallowance under section 37(3A) of the Income Tax Act, and the treatment of initial depreciation. The Tribunal held that the premiums constituted revenue receipts, dismissing the assessee's appeals. The disallowance under section 37(3A) was upheld, and the issue of initial depreciation treatment was remitted for fresh consideration. The departmental appeal was treated as partly allowed for statistical purposes. Case-Laws Income Tax Fri, 17 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69643