https://www.taxtmi.com/caselaws?id=190304 The Supreme Court dismissed the Revenue's appeal, affirming the High Court's decision to allow deduction of cess on green leaf from composite income. The ITAT upheld the allowance of additional depreciation claim based on relevant case law. However, the issue of notional interest on loan advanced to HPL was remanded to the AO for further review due to peculiar circumstances. The appeals for AY 2007-08 and AY 2008-09 were dismissed, and the appeal for AY 2006-07 was partially allowed for statistical purposes. en-us Fri, 21 Oct 2016 00:00:00 +0530 Sat, 11 Feb 2017 10:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190304 The Supreme Court dismissed the Revenue's appeal, affirming the High Court's decision to allow deduction of cess on green leaf from composite income. The ITAT upheld the allowance of additional depreciation claim based on relevant case law. However, the issue of notional interest on loan advanced to HPL was remanded to the AO for further review due to peculiar circumstances. The appeals for AY 2007-08 and AY 2008-09 were dismissed, and the appeal for AY 2006-07 was partially allowed for statistical purposes. Case-Laws Income Tax Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190304