https://www.taxtmi.com/caselaws?id=19076 The High Court upheld the Tribunal's decisions in favor of the assessee regarding depreciation and development rebate on enhanced plant and machinery costs. The Court also ruled in favor of the assessee on the deductibility of provision for taxation and granting of extra shift allowance on plant and machinery. However, the Court declined to answer questions related to the treatment of legal expenses and stamp fees as assets for capital computation, as well as the deductibility and allowability of expenses due to fluctuations in exchange rates during loan repayment, citing insufficient record facts. No costs were awarded. en-us Wed, 08 Jun 1983 00:00:00 +0530 Tue, 03 Nov 2009 17:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19076 The High Court upheld the Tribunal's decisions in favor of the assessee regarding depreciation and development rebate on enhanced plant and machinery costs. The Court also ruled in favor of the assessee on the deductibility of provision for taxation and granting of extra shift allowance on plant and machinery. However, the Court declined to answer questions related to the treatment of legal expenses and stamp fees as assets for capital computation, as well as the deductibility and allowability of expenses due to fluctuations in exchange rates during loan repayment, citing insufficient record facts. No costs were awarded. Case-Laws Income Tax Wed, 08 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19076