https://www.taxtmi.com/caselaws?id=14920 The Tribunal ruled in favor of the assessee on all issues: 1) Cash allowances for medical reimbursement were not disallowed under section 40A(5) of the Income-tax Act. 2) Amended rates of depreciation were not applicable for pending assessments as of April 2, 1983. 3) Club subscription expenses were not deductible under section 40A(5). 4) The assessee was entitled to investment allowance for leased machinery, as ownership and business use satisfied the requirements of the law. The cases were disposed of with no costs awarded. en-us Thu, 23 Apr 1998 00:00:00 +0530 Mon, 27 Jul 2009 11:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14920 The Tribunal ruled in favor of the assessee on all issues: 1) Cash allowances for medical reimbursement were not disallowed under section 40A(5) of the Income-tax Act. 2) Amended rates of depreciation were not applicable for pending assessments as of April 2, 1983. 3) Club subscription expenses were not deductible under section 40A(5). 4) The assessee was entitled to investment allowance for leased machinery, as ownership and business use satisfied the requirements of the law. The cases were disposed of with no costs awarded. Case-Laws Income Tax Thu, 23 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14920