https://www.taxtmi.com/caselaws?id=171786 Mounted gas cylinders that remain separately identifiable from vehicles qualify for the higher depreciation entry; a tanker qualifies subject to its use during the accounting year. Interest disallowance under section 40A(2) remains sustainable where the appellate assessment of the reasonable rate warrants no further interference. Expenditure on articles without the assessee's logo is allowable as business expenditure and is not subject to advertisement-based disallowance. Revaluation surplus on dissolution of a firm, representing the difference between written down value and expert-determined market value of capital assets, is not business income under section 28(iv); depreciation may be claimed on the enhanced value. Relief under section 80G applies if positive income is ultimately assessed. en-us Wed, 30 Jul 1997 00:00:00 +0530 Sat, 01 Aug 2015 15:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171786 Mounted gas cylinders that remain separately identifiable from vehicles qualify for the higher depreciation entry; a tanker qualifies subject to its use during the accounting year. Interest disallowance under section 40A(2) remains sustainable where the appellate assessment of the reasonable rate warrants no further interference. Expenditure on articles without the assessee's logo is allowable as business expenditure and is not subject to advertisement-based disallowance. Revaluation surplus on dissolution of a firm, representing the difference between written down value and expert-determined market value of capital assets, is not business income under section 28(iv); depreciation may be claimed on the enhanced value. Relief under section 80G applies if positive income is ultimately assessed. Case-Laws Income Tax Wed, 30 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171786