https://www.taxtmi.com/caselaws?id=188699 The tribunal partly allowed the appeals by recognizing the annealing process as a manufacturing activity eligible for deduction under section 80-IA. The issue of higher depreciation on furnaces was remanded for further verification. Unpressed grounds were dismissed, and the appeal regarding motor car expenses and depreciation was partially allowed, with the tribunal directing the Assessing Officer to restrict the disallowance to 1/5th of the expenses and depreciation. en-us Thu, 03 Mar 2005 00:00:00 +0530 Tue, 13 Dec 2016 15:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188699 The tribunal partly allowed the appeals by recognizing the annealing process as a manufacturing activity eligible for deduction under section 80-IA. The issue of higher depreciation on furnaces was remanded for further verification. Unpressed grounds were dismissed, and the appeal regarding motor car expenses and depreciation was partially allowed, with the tribunal directing the Assessing Officer to restrict the disallowance to 1/5th of the expenses and depreciation. Case-Laws Income Tax Thu, 03 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188699