https://www.taxtmi.com/caselaws?id=251179 The appeal was dismissed as the court upheld the decision to allow depreciation and interest deductions in the ordinary assessment, even when profits are estimated. The court emphasized that these deductions should be granted as long as legal criteria are met, rejecting the appellant's argument that such allowances should be restricted. The court found no basis to deny depreciation and interest payments when the legal requirements were fulfilled. en-us Wed, 30 Jul 2014 00:00:00 +0530 Tue, 05 May 2015 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251179 The appeal was dismissed as the court upheld the decision to allow depreciation and interest deductions in the ordinary assessment, even when profits are estimated. The court emphasized that these deductions should be granted as long as legal criteria are met, rejecting the appellant's argument that such allowances should be restricted. The court found no basis to deny depreciation and interest payments when the legal requirements were fulfilled. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251179