https://www.taxtmi.com/caselaws?id=13447 The High Court ruled in favor of the assessee on all issues: 1) Expenditure on silver items for engineers was deemed a business expense under section 37 of the Income-tax Act. 2) Investment allowance on specific items like air-conditioner and weighing bridge was upheld based on precedents. 3) Disallowance under section 43B was found in favor of the assessee, aligning with Supreme Court and High Court judgments. The Tribunal's decisions were upheld, and the reference was disposed of in favor of the assessee against the Revenue. en-us Tue, 05 Sep 2006 00:00:00 +0530 Fri, 29 May 2009 10:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13447 The High Court ruled in favor of the assessee on all issues: 1) Expenditure on silver items for engineers was deemed a business expense under section 37 of the Income-tax Act. 2) Investment allowance on specific items like air-conditioner and weighing bridge was upheld based on precedents. 3) Disallowance under section 43B was found in favor of the assessee, aligning with Supreme Court and High Court judgments. The Tribunal's decisions were upheld, and the reference was disposed of in favor of the assessee against the Revenue. Case-Laws Income Tax Tue, 05 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13447