https://www.taxtmi.com/caselaws?id=330306 The Tribunal partly allowed the appeal by granting depreciation on the oil tanker, upholding the treatment of road tax and insurance as capital expenditure, and dismissing the claim for reduction of closing stock. The additional grounds raised by the assessee were found to be without merit. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 20 Jul 2016 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330306 The Tribunal partly allowed the appeal by granting depreciation on the oil tanker, upholding the treatment of road tax and insurance as capital expenditure, and dismissing the claim for reduction of closing stock. The additional grounds raised by the assessee were found to be without merit. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330306