https://www.taxtmi.com/caselaws?id=11023 The High Court upheld the disallowance of depreciation claimed by an assessee engaged in gypsum mining due to business closure, stating depreciation is only allowed when machinery is actively used for production. The Court allowed deduction for power charges and engine-hire but upheld the disallowance of medical treatment expenditure reimbursement, emphasizing the burden of proof on the assessee to establish business purpose. The Court found the expenditure, including airfare to the USA, to be personal and not for business, ruling in favor of the Revenue. en-us Tue, 08 Jul 2003 00:00:00 +0530 Wed, 29 Jul 2009 19:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11023 The High Court upheld the disallowance of depreciation claimed by an assessee engaged in gypsum mining due to business closure, stating depreciation is only allowed when machinery is actively used for production. The Court allowed deduction for power charges and engine-hire but upheld the disallowance of medical treatment expenditure reimbursement, emphasizing the burden of proof on the assessee to establish business purpose. The Court found the expenditure, including airfare to the USA, to be personal and not for business, ruling in favor of the Revenue. Case-Laws Income Tax Tue, 08 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11023