https://www.taxtmi.com/caselaws?id=20789 The High Court ruled in favor of the assessee, allowing the benefit under section 80-1 for the humidifiers as textile machinery or accessories. Additionally, the High Court held that the assessee qualified for deduction under section 80-I and permitted the deduction of the education cess amount. The Tribunal's rejections were overturned, emphasizing that the payment of education cess is a statutory liability and should be allowed as a deduction in the relevant year, regardless of accounting methods. The High Court found the Tribunal's doubts unfounded and ruled in favor of the assessee on all three issues, with no costs awarded. en-us Tue, 16 Feb 1993 00:00:00 +0530 Tue, 17 Nov 2009 12:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20789 The High Court ruled in favor of the assessee, allowing the benefit under section 80-1 for the humidifiers as textile machinery or accessories. Additionally, the High Court held that the assessee qualified for deduction under section 80-I and permitted the deduction of the education cess amount. The Tribunal's rejections were overturned, emphasizing that the payment of education cess is a statutory liability and should be allowed as a deduction in the relevant year, regardless of accounting methods. The High Court found the Tribunal's doubts unfounded and ruled in favor of the assessee on all three issues, with no costs awarded. Case-Laws Income Tax Tue, 16 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20789