https://www.taxtmi.com/caselaws?id=18734 The court ruled in favor of the assessee on various issues, including excluding commission paid to managing directors from remuneration under section 40(c) of the Act, treating foreign exchange difference as not capital expenditure, disallowing depreciation for machinery used in research and development, not allowing surtax payment as expenditure for computing total income, and not considering a factory 'road' as a 'plant' for investment allowance. Additionally, the court found that weighted deduction under section 35 is not available for export outward freight charges. The court also held that telephone expenses for managing directors' residences were not considered perquisites under relevant sections. en-us Fri, 29 Sep 1995 00:00:00 +0530 Sat, 31 Oct 2009 16:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18734 The court ruled in favor of the assessee on various issues, including excluding commission paid to managing directors from remuneration under section 40(c) of the Act, treating foreign exchange difference as not capital expenditure, disallowing depreciation for machinery used in research and development, not allowing surtax payment as expenditure for computing total income, and not considering a factory 'road' as a 'plant' for investment allowance. Additionally, the court found that weighted deduction under section 35 is not available for export outward freight charges. The court also held that telephone expenses for managing directors' residences were not considered perquisites under relevant sections. Case-Laws Income Tax Fri, 29 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18734