https://www.taxtmi.com/caselaws?id=16784 The court ruled in favor of the assessee on the issues of depreciation and extra shift allowance on increased machinery value due to foreign currency fluctuations, higher rate of depreciation on canteen buildings, and depreciation and investment allowance on capitalized deferred interest under the IDBI Loan Scheme. The court partially favored the assessee on the weighted deduction under section 35B for interest on packing credit and export guarantee commission. However, the court ruled against the assessee on the deduction of excess available surplus carried over from the previous year under the Payment of Bonus Act. en-us Thu, 22 Jan 1998 00:00:00 +0530 Sat, 12 Sep 2009 12:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16784 The court ruled in favor of the assessee on the issues of depreciation and extra shift allowance on increased machinery value due to foreign currency fluctuations, higher rate of depreciation on canteen buildings, and depreciation and investment allowance on capitalized deferred interest under the IDBI Loan Scheme. The court partially favored the assessee on the weighted deduction under section 35B for interest on packing credit and export guarantee commission. However, the court ruled against the assessee on the deduction of excess available surplus carried over from the previous year under the Payment of Bonus Act. Case-Laws Income Tax Thu, 22 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16784