https://www.taxtmi.com/caselaws?id=17652 The High Court ruled in favor of the assessee, allowing the claim of initial depreciation under section 32(1)(vi) for new machinery. The court determined that the assessee was engaged in manufacturing textiles as per the Ninth Schedule, distinguishing the process as a manufacturing activity. Additionally, the expenditure of Rs. 7,140 on factory tea and coffee was held not to be entertainment expenditure, as it fell under the exclusion provided by Explanation 2 of the Finance Act, 1983. en-us Mon, 06 May 1996 00:00:00 +0530 Wed, 23 Sep 2009 18:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17652 The High Court ruled in favor of the assessee, allowing the claim of initial depreciation under section 32(1)(vi) for new machinery. The court determined that the assessee was engaged in manufacturing textiles as per the Ninth Schedule, distinguishing the process as a manufacturing activity. Additionally, the expenditure of Rs. 7,140 on factory tea and coffee was held not to be entertainment expenditure, as it fell under the exclusion provided by Explanation 2 of the Finance Act, 1983. Case-Laws Income Tax Mon, 06 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17652