https://www.taxtmi.com/caselaws?id=10068 The court allowed the claim for initial depreciation on cycle stands but rejected the claim for water cooler places. The tax treatment of revenue from the sale of import entitlements was decided in favor of the Revenue. The disallowance of traveling expenses for professional retainers under rule 6D(2) was upheld in favor of the Revenue. The court provided detailed analysis and legal reasoning for each issue, concluding the judgment. en-us Tue, 14 Sep 2004 00:00:00 +0530 Fri, 20 Jan 2012 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10068 The court allowed the claim for initial depreciation on cycle stands but rejected the claim for water cooler places. The tax treatment of revenue from the sale of import entitlements was decided in favor of the Revenue. The disallowance of traveling expenses for professional retainers under rule 6D(2) was upheld in favor of the Revenue. The court provided detailed analysis and legal reasoning for each issue, concluding the judgment. Case-Laws Income Tax Tue, 14 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10068