https://www.taxtmi.com/caselaws?id=255451 Section 40(a)(i) could not be invoked because the payment was capitalised in work-in-progress and was not claimed as a revenue deduction; the disallowance was deleted. Enhanced depreciation was allowable on a Honda motor car treated as a light motor vehicle falling within the commercial vehicle entry; the matter was remitted for recomputation. Deduction under section 80IB(10) could not be denied merely for absence of a formal completion certificate where the housing project was otherwise completed, the assessee had applied for certification, and the local authority neither refused nor objected; the deduction was upheld. en-us Wed, 31 Dec 2014 00:00:00 +0530 Sat, 17 Jan 2015 09:53:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255451 Section 40(a)(i) could not be invoked because the payment was capitalised in work-in-progress and was not claimed as a revenue deduction; the disallowance was deleted. Enhanced depreciation was allowable on a Honda motor car treated as a light motor vehicle falling within the commercial vehicle entry; the matter was remitted for recomputation. Deduction under section 80IB(10) could not be denied merely for absence of a formal completion certificate where the housing project was otherwise completed, the assessee had applied for certification, and the local authority neither refused nor objected; the deduction was upheld. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255451