https://www.taxtmi.com/caselaws?id=13909 The Tribunal determined that bank guarantee commission expenditure and exchange rate difference expenditure were of capital nature for the assessment years 1976-77 to 1978-79. It ruled that certain export-related charges were not eligible for weighted deduction under section 35B. The claim for investment allowance under section 32A for specific items was initially rejected but later allowed for electrical installation and electrification in the workshop for the assessment year 1978-79. Expenditure on the issue of bonus shares was deemed of capital nature. The court ultimately ruled in favor of the assessee regarding the investment allowance claim for electrical installation and electrification. en-us Tue, 29 Aug 2000 00:00:00 +0530 Sat, 04 Jul 2009 18:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13909 The Tribunal determined that bank guarantee commission expenditure and exchange rate difference expenditure were of capital nature for the assessment years 1976-77 to 1978-79. It ruled that certain export-related charges were not eligible for weighted deduction under section 35B. The claim for investment allowance under section 32A for specific items was initially rejected but later allowed for electrical installation and electrification in the workshop for the assessment year 1978-79. Expenditure on the issue of bonus shares was deemed of capital nature. The court ultimately ruled in favor of the assessee regarding the investment allowance claim for electrical installation and electrification. Case-Laws Income Tax Tue, 29 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13909