https://www.taxtmi.com/caselaws?id=256804 A creche building within the factory compound, used for employee welfare in aid of manufacturing activity, was treated as a business asset connected with the assessee's operations, and higher depreciation was allowed. Excess amounts collected above notified drug prices, which had to be deposited under the Drugs (Price Control) Order, 1979, were held to create a statutory liability; the fact that the assessee disputed the demand did not alter that character, and the deduction was allowed. The referred questions were answered in favour of the assessee and the Revenue's challenge failed. en-us Thu, 05 Dec 2013 00:00:00 +0530 Mon, 23 Feb 2015 05:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256804 A creche building within the factory compound, used for employee welfare in aid of manufacturing activity, was treated as a business asset connected with the assessee's operations, and higher depreciation was allowed. Excess amounts collected above notified drug prices, which had to be deposited under the Drugs (Price Control) Order, 1979, were held to create a statutory liability; the fact that the assessee disputed the demand did not alter that character, and the deduction was allowed. The referred questions were answered in favour of the assessee and the Revenue's challenge failed. Case-Laws Income Tax Thu, 05 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256804