https://www.taxtmi.com/caselaws?id=10520 The court affirmed the inclusion of depreciation on assets provided to employees in disallowance under section 40A(5) of the Income-tax Act, ruled against weighted deduction under section 35B for certain expenses, allowed extra shift allowance based on actual machinery use, affirmed taxability of cash incentives under the Export Promotion Scheme, and upheld treating rent-free accommodation and maintenance as perquisites for disallowance. The outcome favored the Revenue on depreciation and taxability of cash incentives, while the extra shift allowance was allowed in favor of the assessee. Costs were to be borne by the parties due to divided success. en-us Tue, 12 Oct 2004 00:00:00 +0530 Fri, 17 Jul 2009 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10520 The court affirmed the inclusion of depreciation on assets provided to employees in disallowance under section 40A(5) of the Income-tax Act, ruled against weighted deduction under section 35B for certain expenses, allowed extra shift allowance based on actual machinery use, affirmed taxability of cash incentives under the Export Promotion Scheme, and upheld treating rent-free accommodation and maintenance as perquisites for disallowance. The outcome favored the Revenue on depreciation and taxability of cash incentives, while the extra shift allowance was allowed in favor of the assessee. Costs were to be borne by the parties due to divided success. Case-Laws Income Tax Tue, 12 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10520