https://www.taxtmi.com/caselaws?id=70089 The Tribunal held that the interest component under the IDBI Bills Rediscounting Scheme should be included in the actual cost of assets, rejecting the revenue's argument to exclude it. Contributions made to the Death Relief Fund were deemed deductible as they were set up under the Industrial Disputes Act, exempting them from disallowance under section 40A(9). However, the claim for deduction of surtax liability was disallowed in line with precedent. The Tribunal's decisions generally favored the assessees, allowing enhanced depreciation and confirming the inclusion of interest in the actual cost, while disallowing surtax liability claims where applicable. en-us Thu, 14 Jan 1988 00:00:00 +0530 Thu, 14 Apr 2011 12:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70089 The Tribunal held that the interest component under the IDBI Bills Rediscounting Scheme should be included in the actual cost of assets, rejecting the revenue's argument to exclude it. Contributions made to the Death Relief Fund were deemed deductible as they were set up under the Industrial Disputes Act, exempting them from disallowance under section 40A(9). However, the claim for deduction of surtax liability was disallowed in line with precedent. The Tribunal's decisions generally favored the assessees, allowing enhanced depreciation and confirming the inclusion of interest in the actual cost, while disallowing surtax liability claims where applicable. Case-Laws Income Tax Thu, 14 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70089