https://www.taxtmi.com/caselaws?id=244203 The High Court upheld the Appellate Tribunal's decision allowing 100% depreciation for Vibro Bed Drier under the Income Tax Rule 1962, emphasizing the reduction in electricity consumption and waste heat recovery equipment criteria. Regarding the valuation of closing stock with cess paid, the Court ruled in favor of the assessee, considering the disallowance of deduction under Section 43B in the subsequent year. Additionally, the Court held that commission paid outside India cannot be included in export turnover calculation for benefits under Section 80 HHC, aligning with statutory provisions. en-us Mon, 10 Feb 2014 00:00:00 +0530 Sat, 05 Apr 2014 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244203 The High Court upheld the Appellate Tribunal's decision allowing 100% depreciation for Vibro Bed Drier under the Income Tax Rule 1962, emphasizing the reduction in electricity consumption and waste heat recovery equipment criteria. Regarding the valuation of closing stock with cess paid, the Court ruled in favor of the assessee, considering the disallowance of deduction under Section 43B in the subsequent year. Additionally, the Court held that commission paid outside India cannot be included in export turnover calculation for benefits under Section 80 HHC, aligning with statutory provisions. Case-Laws Income Tax Mon, 10 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244203