https://www.taxtmi.com/caselaws?id=20191 The court ruled in favor of the Revenue and against the assessee on issues regarding the deductibility of commission paid to the managing director, denial of deduction for gratuity liability based on actuarial valuation, and the calculation of extra-shift depreciation for a seasonal factory. However, the court sided with the assessee on the issue of having the option to decline the grant of depreciation allowance under sections 32 and 34 of the Act. The judgment provided detailed reasoning and cited relevant legal provisions and precedents to support the decisions. en-us Wed, 16 Mar 1994 00:00:00 +0530 Thu, 12 Nov 2009 13:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20191 The court ruled in favor of the Revenue and against the assessee on issues regarding the deductibility of commission paid to the managing director, denial of deduction for gratuity liability based on actuarial valuation, and the calculation of extra-shift depreciation for a seasonal factory. However, the court sided with the assessee on the issue of having the option to decline the grant of depreciation allowance under sections 32 and 34 of the Act. The judgment provided detailed reasoning and cited relevant legal provisions and precedents to support the decisions. Case-Laws Income Tax Wed, 16 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20191