https://www.taxtmi.com/caselaws?id=343051 The court ruled against the revenue regarding the deduction of interest payments under Section 43B of the Income Tax Act for the assessment year 1994-95. It upheld the decision to grant depreciation for the installation of Pushar Type Furnaces, as most work was completed before the end of the financial year, as certified by an engineer. The judgment provided detailed reasoning on the interpretation of Section 43B and criteria for claiming depreciation, ensuring a fair outcome based on evidence and submissions. en-us Fri, 05 May 2017 00:00:00 +0530 Thu, 18 May 2017 07:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343051 The court ruled against the revenue regarding the deduction of interest payments under Section 43B of the Income Tax Act for the assessment year 1994-95. It upheld the decision to grant depreciation for the installation of Pushar Type Furnaces, as most work was completed before the end of the financial year, as certified by an engineer. The judgment provided detailed reasoning on the interpretation of Section 43B and criteria for claiming depreciation, ensuring a fair outcome based on evidence and submissions. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343051