https://www.taxtmi.com/caselaws?id=341212 The court ruled in favor of the Department on most issues. The assessee was allowed a deduction under Section 80-I for old machinery but denied the classification of a forklift as plant and machinery. The court adjusted the gross profit estimation to 32% and upheld the disallowance of certain expenses under Section 40A(2)(a). en-us Tue, 18 Oct 2016 00:00:00 +0530 Tue, 04 Apr 2017 10:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341212 The court ruled in favor of the Department on most issues. The assessee was allowed a deduction under Section 80-I for old machinery but denied the classification of a forklift as plant and machinery. The court adjusted the gross profit estimation to 32% and upheld the disallowance of certain expenses under Section 40A(2)(a). Case-Laws Income Tax Tue, 18 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341212