https://www.taxtmi.com/caselaws?id=10050 The High Court dismissed the appeal on all three issues raised, affirming the Tribunal's decisions based on facts and legal precedents. The court upheld the higher rate of depreciation on vehicles given on lease, the taxability of interest on zero coupon bonds, and the admissibility of retrenchment compensation as business expenditure under the Income-tax Act. The Tribunal's thorough analysis and adherence to legal principles led the court to conclude that no question of law arose in any of the issues, resulting in the dismissal of the appeal. en-us Mon, 19 Jan 2004 00:00:00 +0530 Mon, 06 Jul 2009 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10050 The High Court dismissed the appeal on all three issues raised, affirming the Tribunal's decisions based on facts and legal precedents. The court upheld the higher rate of depreciation on vehicles given on lease, the taxability of interest on zero coupon bonds, and the admissibility of retrenchment compensation as business expenditure under the Income-tax Act. The Tribunal's thorough analysis and adherence to legal principles led the court to conclude that no question of law arose in any of the issues, resulting in the dismissal of the appeal. Case-Laws Income Tax Mon, 19 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10050