https://www.taxtmi.com/caselaws?id=14680 Depreciation was held allowable on assets transferred by the Government even though no registered deed of conveyance existed, following the Court's earlier ruling on the same issue. The contribution to the insurance fund, including the initial contribution, was not treated as deductible and was not accepted as a contingent liability, in line with the earlier decision involving the same assessee. The claim for deduction of interest on a loan taken from the State Government was not confined to section 36(1) and had to be examined under section 37 of the Income-tax Act, 1961, so the matter was remitted to the Tribunal for reconsideration. en-us Mon, 20 Apr 1998 00:00:00 +0530 Sat, 18 Jul 2009 10:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14680 Depreciation was held allowable on assets transferred by the Government even though no registered deed of conveyance existed, following the Court's earlier ruling on the same issue. The contribution to the insurance fund, including the initial contribution, was not treated as deductible and was not accepted as a contingent liability, in line with the earlier decision involving the same assessee. The claim for deduction of interest on a loan taken from the State Government was not confined to section 36(1) and had to be examined under section 37 of the Income-tax Act, 1961, so the matter was remitted to the Tribunal for reconsideration. Case-Laws Income Tax Mon, 20 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14680