https://www.taxtmi.com/caselaws?id=2885 The High Court ruled in favor of the assessee on all issues raised, allowing provisions for 'leave with wages' as contingent liability, granting depreciation and investment allowance on grain analysers, classifying Refinery units as 'Industrial undertaking' for investment purposes, permitting investment allowance on electrical installations, and treating tour expenses as revenue expenditure. The decisions were based on established legal principles, factual findings, and precedents, resulting in judgments favoring the assessee over the Revenue in each instance. en-us Fri, 15 Sep 2006 00:00:00 +0530 Thu, 31 Jul 2008 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2885 The High Court ruled in favor of the assessee on all issues raised, allowing provisions for 'leave with wages' as contingent liability, granting depreciation and investment allowance on grain analysers, classifying Refinery units as 'Industrial undertaking' for investment purposes, permitting investment allowance on electrical installations, and treating tour expenses as revenue expenditure. The decisions were based on established legal principles, factual findings, and precedents, resulting in judgments favoring the assessee over the Revenue in each instance. Case-Laws Income Tax Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2885