https://www.taxtmi.com/caselaws?id=183095 The Tribunal ruled in favor of the assessee, allowing depreciation at 80% annually for the power evacuation facility, permitting the deduction of insurance premium for partners as Keyman Insurance, and treating interest income from money lending as business income. The decisions were based on precedents set by the Hon'ble Punjab & Haryana High Court and the Chandigarh Bench, dismissing the Revenue's appeal. en-us Tue, 26 May 2015 00:00:00 +0530 Sat, 28 May 2016 10:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183095 The Tribunal ruled in favor of the assessee, allowing depreciation at 80% annually for the power evacuation facility, permitting the deduction of insurance premium for partners as Keyman Insurance, and treating interest income from money lending as business income. The decisions were based on precedents set by the Hon'ble Punjab & Haryana High Court and the Chandigarh Bench, dismissing the Revenue's appeal. Case-Laws Income Tax Tue, 26 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183095