https://www.taxtmi.com/caselaws?id=179375 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The delay in the assessee's appeal submission was condoned, allowing it to be heard. The deduction for product development expenses was permitted, Modvat credit treatment was set aside for reassessment, depreciation u/s.32 denial was upheld, expenses on plastic pallets were allowed as deductible, and provision for advertisement expenses was granted for one entity while remanded for another. The decision was pronounced on May 20, 2011. en-us Fri, 20 May 2011 00:00:00 +0530 Sat, 27 Feb 2016 13:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179375 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The delay in the assessee's appeal submission was condoned, allowing it to be heard. The deduction for product development expenses was permitted, Modvat credit treatment was set aside for reassessment, depreciation u/s.32 denial was upheld, expenses on plastic pallets were allowed as deductible, and provision for advertisement expenses was granted for one entity while remanded for another. The decision was pronounced on May 20, 2011. Case-Laws Income Tax Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179375