https://www.taxtmi.com/caselaws?id=182116 The Tribunal allowed the Assessee's appeal for the assessment year 1986-87, permitting the capitalization of a significant portion of share issue expenses connected to the acquisition of assets for depreciation and investment allowance. The Assessee's claim for deduction related to enhanced liability under the Drug Price Control Order was upheld based on previous final decisions. Expenditures on Insurance Premium for a Health Insurance Scheme and club membership fees were excluded from disallowance computation, following precedent decisions. The appeal was dismissed with no costs awarded. en-us Mon, 05 Mar 2012 00:00:00 +0530 Mon, 14 Aug 2017 19:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182116 The Tribunal allowed the Assessee's appeal for the assessment year 1986-87, permitting the capitalization of a significant portion of share issue expenses connected to the acquisition of assets for depreciation and investment allowance. The Assessee's claim for deduction related to enhanced liability under the Drug Price Control Order was upheld based on previous final decisions. Expenditures on Insurance Premium for a Health Insurance Scheme and club membership fees were excluded from disallowance computation, following precedent decisions. The appeal was dismissed with no costs awarded. Case-Laws Income Tax Mon, 05 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182116