https://www.taxtmi.com/caselaws?id=20121 The court ruled in favor of the Revenue for all issues except the deductibility of rent paid for rent-free accommodation, which was not pressed by the counsel. The court held that surtax liability, depreciation on research and development expenditure, and interest charged under section 215 of the Income-tax Act are not allowable deductions under specific sections of the Act, based on previous decisions. en-us Mon, 13 Sep 1993 00:00:00 +0530 Wed, 11 Nov 2009 17:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20121 The court ruled in favor of the Revenue for all issues except the deductibility of rent paid for rent-free accommodation, which was not pressed by the counsel. The court held that surtax liability, depreciation on research and development expenditure, and interest charged under section 215 of the Income-tax Act are not allowable deductions under specific sections of the Act, based on previous decisions. Case-Laws Income Tax Mon, 13 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20121