https://www.taxtmi.com/caselaws?id=241848 The Tribunal dismissed both appeals filed by the Revenue, upholding the Ld. Commissioner of Income Tax (A)'s decisions. Regarding the disallowance of excess deduction claim under section 10B of the I.T. Act, excise duty was excluded from the turnover calculation for claiming deductions. On the disallowance of depreciation for non-functional units, the Tribunal ruled that depreciation could be claimed for assets within a block even if not actively used. Precedents such as Lakshmi Machine Works and C.I.T. vs. Oswal Agro Mills Ltd. supported these conclusions. en-us Fri, 26 Apr 2013 00:00:00 +0530 Thu, 02 Jan 2014 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241848 The Tribunal dismissed both appeals filed by the Revenue, upholding the Ld. Commissioner of Income Tax (A)'s decisions. Regarding the disallowance of excess deduction claim under section 10B of the I.T. Act, excise duty was excluded from the turnover calculation for claiming deductions. On the disallowance of depreciation for non-functional units, the Tribunal ruled that depreciation could be claimed for assets within a block even if not actively used. Precedents such as Lakshmi Machine Works and C.I.T. vs. Oswal Agro Mills Ltd. supported these conclusions. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241848