https://www.taxtmi.com/caselaws?id=178237 The Court upheld the decisions of the Commissioner of Income-tax and the Tribunal, concluding that no referable question necessitated an answer from the Court. As a result, both reference applications were rejected. The first issue regarding entitlement to 100% depreciation on shuttering material was settled based on precedent. The second issue of disallowance of interest relief due to inadequate charging from a sister concern was resolved in favor of the assessee, as the loan was sourced from the firm's own capital without external borrowing, supported by relevant case law. en-us Wed, 11 May 2005 00:00:00 +0530 Sat, 30 Jan 2016 17:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178237 The Court upheld the decisions of the Commissioner of Income-tax and the Tribunal, concluding that no referable question necessitated an answer from the Court. As a result, both reference applications were rejected. The first issue regarding entitlement to 100% depreciation on shuttering material was settled based on precedent. The second issue of disallowance of interest relief due to inadequate charging from a sister concern was resolved in favor of the assessee, as the loan was sourced from the firm's own capital without external borrowing, supported by relevant case law. Case-Laws Income Tax Wed, 11 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178237