https://www.taxtmi.com/caselaws?id=9776 The court ruled in favor of the assessee on all issues. The addition of cost of construction of a building for the assessment year 1982-83 was deemed unjustified as the declared cost was found to be fair and reasonable. The eligibility for investment allowance on heart monitoring and treadmill machines was upheld, considering the functional aspects and treatment provided. Additionally, the court allowed additional depreciation on air-conditioners and fans, similar to the machines, as necessary for production. The Tribunal's decisions were affirmed, dismissing the Revenue's appeals. en-us Thu, 24 Nov 2005 00:00:00 +0530 Tue, 30 Jun 2009 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9776 The court ruled in favor of the assessee on all issues. The addition of cost of construction of a building for the assessment year 1982-83 was deemed unjustified as the declared cost was found to be fair and reasonable. The eligibility for investment allowance on heart monitoring and treadmill machines was upheld, considering the functional aspects and treatment provided. Additionally, the court allowed additional depreciation on air-conditioners and fans, similar to the machines, as necessary for production. The Tribunal's decisions were affirmed, dismissing the Revenue's appeals. Case-Laws Income Tax Thu, 24 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9776