https://www.taxtmi.com/caselaws?id=240102 The Tribunal allowed depreciation on machinery installed at dealers' premises, considering it as part of the business strategy for after-sales service. Non-refundable deposits collected from dealers did not impact depreciation calculation. Club expenditure was allowed as a business expense if commercial expediency was proven. Depreciation on the let-out portion of the building was disallowed. Deduction under sec. 80IA for "D.G. Power Units I & II" was granted. Writing off irrecoverable advance for machinery purchase was considered a capital loss. Setting off long-term capital loss against gain was disallowed. Addition of deferred tax liability for book profit computation was upheld. Weighted deduction for scientific research was to be examined. Deduction for quality claims required detailed justification. Both parties' appeals were partly allowed. en-us Fri, 08 Feb 2013 00:00:00 +0530 Sat, 09 Nov 2013 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240102 The Tribunal allowed depreciation on machinery installed at dealers' premises, considering it as part of the business strategy for after-sales service. Non-refundable deposits collected from dealers did not impact depreciation calculation. Club expenditure was allowed as a business expense if commercial expediency was proven. Depreciation on the let-out portion of the building was disallowed. Deduction under sec. 80IA for "D.G. Power Units I & II" was granted. Writing off irrecoverable advance for machinery purchase was considered a capital loss. Setting off long-term capital loss against gain was disallowed. Addition of deferred tax liability for book profit computation was upheld. Weighted deduction for scientific research was to be examined. Deduction for quality claims required detailed justification. Both parties' appeals were partly allowed. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240102