https://www.taxtmi.com/caselaws?id=15650 Depreciation on a pedestal fan used for business was allowable under the State agricultural income-tax framework because the rule incorporating central depreciation rates had to be read with the then-current Income-tax Act, 1961; a full-cost deduction could still constitute depreciation where the prescribed rate was 100%, and the claim succeeded. Expenditure on bringing out a Murugappa group brochure was not shown to be incurred for the assessee's own business, so it was correctly disallowed and that claim failed. en-us Tue, 02 Sep 1997 00:00:00 +0530 Wed, 26 Aug 2009 16:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15650 Depreciation on a pedestal fan used for business was allowable under the State agricultural income-tax framework because the rule incorporating central depreciation rates had to be read with the then-current Income-tax Act, 1961; a full-cost deduction could still constitute depreciation where the prescribed rate was 100%, and the claim succeeded. Expenditure on bringing out a Murugappa group brochure was not shown to be incurred for the assessee's own business, so it was correctly disallowed and that claim failed. Case-Laws Income Tax Tue, 02 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15650