https://www.taxtmi.com/caselaws?id=187049 The court disposed of the reference after addressing various income tax issues, including depreciation on machinery, expenditure on advertisement, excise duty liability deduction, insurance charges, weighted deduction on travelling expenses, admission of additional ground, and depreciation rates on specific units. It found some amounts to be negligible and returned those questions unanswered due to insignificant tax impact. The court allowed excise duty liability deduction and admission of additional ground based on legal precedents, while noting that further arguments were needed for other questions. en-us Mon, 07 Jan 2008 00:00:00 +0530 Fri, 07 Oct 2016 14:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187049 The court disposed of the reference after addressing various income tax issues, including depreciation on machinery, expenditure on advertisement, excise duty liability deduction, insurance charges, weighted deduction on travelling expenses, admission of additional ground, and depreciation rates on specific units. It found some amounts to be negligible and returned those questions unanswered due to insignificant tax impact. The court allowed excise duty liability deduction and admission of additional ground based on legal precedents, while noting that further arguments were needed for other questions. Case-Laws Income Tax Mon, 07 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187049