https://www.taxtmi.com/caselaws?id=352721 Under the block of assets regime, depreciation was held allowable on Gurgaon unit assets transferred for use in other units because ownership was undisputed and inactivity of one unit did not by itself defeat business use. Electrical installations were treated as integral to manufacturing machinery, so the higher depreciation rate as plant and machinery was upheld. The deletion of additions and disallowances for electricity expenses, alleged stock suppression, gross profit, ESI payment, bad debts, freight and cartage, and club subscription was also sustained because the books were maintained, the explanations were accepted, and no specific defect or contrary evidence justified ad hoc disallowances. The Revenue's appeal was dismissed. en-us Tue, 21 Nov 2017 00:00:00 +0530 Wed, 20 Dec 2017 08:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352721 Under the block of assets regime, depreciation was held allowable on Gurgaon unit assets transferred for use in other units because ownership was undisputed and inactivity of one unit did not by itself defeat business use. Electrical installations were treated as integral to manufacturing machinery, so the higher depreciation rate as plant and machinery was upheld. The deletion of additions and disallowances for electricity expenses, alleged stock suppression, gross profit, ESI payment, bad debts, freight and cartage, and club subscription was also sustained because the books were maintained, the explanations were accepted, and no specific defect or contrary evidence justified ad hoc disallowances. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352721