https://www.taxtmi.com/caselaws?id=187046 The court upheld the disallowance of Kamla Retreat expenses and confirmed the admissibility of 50% depreciation on plant and machinery. Additionally, the court justified the disallowance under section 40A(8) of a specific amount related to interest charged, in line with previous court decisions. The Assessee did not contest certain decisions due to minimal amounts involved, resulting in judgments favoring the Revenue in those instances. en-us Mon, 07 Jan 2008 00:00:00 +0530 Fri, 07 Oct 2016 13:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187046 The court upheld the disallowance of Kamla Retreat expenses and confirmed the admissibility of 50% depreciation on plant and machinery. Additionally, the court justified the disallowance under section 40A(8) of a specific amount related to interest charged, in line with previous court decisions. The Assessee did not contest certain decisions due to minimal amounts involved, resulting in judgments favoring the Revenue in those instances. Case-Laws Income Tax Mon, 07 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187046