https://www.taxtmi.com/caselaws?id=279235 The High Court upheld the ITAT's decision to include transit income and cash discount in business profits for claiming deduction u/s. 80 HHC. It also confirmed that Plant and Machinery at the Ankleshwar Unit qualified for depreciation even after operations ceased. Additionally, the Court affirmed the ITAT's directive to classify rental income from sub-leasing as income from House Property, dismissing the revenue's objections. The appeal was ultimately dismissed with no order as to costs. en-us Tue, 23 Oct 2012 00:00:00 +0530 Fri, 08 Mar 2019 15:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279235 The High Court upheld the ITAT's decision to include transit income and cash discount in business profits for claiming deduction u/s. 80 HHC. It also confirmed that Plant and Machinery at the Ankleshwar Unit qualified for depreciation even after operations ceased. Additionally, the Court affirmed the ITAT's directive to classify rental income from sub-leasing as income from House Property, dismissing the revenue's objections. The appeal was ultimately dismissed with no order as to costs. Case-Laws Income Tax Tue, 23 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279235