https://www.taxtmi.com/caselaws?id=238422 The Supreme Court addressed various issues in an appeal concerning deductions under the Income Tax Act. It set aside parts of the High Court's order for further consideration and disposed of the appeal, stating that parties shall bear their own costs. Key issues included the inclusion of write-off of assets and loss on sale/write off of fixed assets as profit for deduction, consideration of internal manufactured assets, disallowance of expenditure on temporary construction, and deduction of interest claimed on borrowings for tax payment. The Court deemed some issues substantial questions of law for the High Court to decide. en-us Fri, 27 Sep 2013 00:00:00 +0530 Wed, 23 Oct 2013 06:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238422 The Supreme Court addressed various issues in an appeal concerning deductions under the Income Tax Act. It set aside parts of the High Court's order for further consideration and disposed of the appeal, stating that parties shall bear their own costs. Key issues included the inclusion of write-off of assets and loss on sale/write off of fixed assets as profit for deduction, consideration of internal manufactured assets, disallowance of expenditure on temporary construction, and deduction of interest claimed on borrowings for tax payment. The Court deemed some issues substantial questions of law for the High Court to decide. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238422