https://www.taxtmi.com/caselaws?id=78146 The court ruled in favor of the assessee on all issues discussed, including the interpretation of Section 40A(5)(c) and the First Proviso to Section 40A(5)(a) of the Income Tax Act, the claim for deduction under Section 80J for a new industrial unit, the treatment of excess price from the sale of levy sugar as a revenue receipt, and the entitlement to initial depreciation under Section 32(1)(iv) of the Income Tax Act. The judgments referenced relevant case law and previous tribunal decisions to support the assessee's positions on each issue. en-us Thu, 26 Aug 2010 00:00:00 +0530 Sat, 06 Jul 2013 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78146 The court ruled in favor of the assessee on all issues discussed, including the interpretation of Section 40A(5)(c) and the First Proviso to Section 40A(5)(a) of the Income Tax Act, the claim for deduction under Section 80J for a new industrial unit, the treatment of excess price from the sale of levy sugar as a revenue receipt, and the entitlement to initial depreciation under Section 32(1)(iv) of the Income Tax Act. The judgments referenced relevant case law and previous tribunal decisions to support the assessee's positions on each issue. Case-Laws Income Tax Thu, 26 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78146