https://www.taxtmi.com/caselaws?id=14370 The court held that depreciation allowance is to be considered as an expenditure eligible for weighted deduction under section 35C of the Income-tax Act, 1961. It ruled in favor of the assessee, emphasizing that depreciation on assets used in providing goods or services to cultivators should be treated as an expenditure for tax purposes. The court found that section 35C allows for deduction in cases involving capital expenditure, supporting the assessee's argument that depreciation is a form of capital expenditure. Consequently, the court rejected the Department's appeal and allowed the depreciation to be considered for weighted deduction under section 35C. en-us Fri, 30 Mar 2001 00:00:00 +0530 Wed, 15 Jul 2009 14:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14370 The court held that depreciation allowance is to be considered as an expenditure eligible for weighted deduction under section 35C of the Income-tax Act, 1961. It ruled in favor of the assessee, emphasizing that depreciation on assets used in providing goods or services to cultivators should be treated as an expenditure for tax purposes. The court found that section 35C allows for deduction in cases involving capital expenditure, supporting the assessee's argument that depreciation is a form of capital expenditure. Consequently, the court rejected the Department's appeal and allowed the depreciation to be considered for weighted deduction under section 35C. Case-Laws Income Tax Fri, 30 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14370