https://www.taxtmi.com/caselaws?id=20860 The High Court followed binding precedent in the assessee's own case and an applicable Supreme Court decision to hold that expenditure on the dairy machinery unit was deductible as business expenditure. It also treated extra shift allowance as allowable in depreciation for the water system, sanitation and technical documentation, and held that depreciation was admissible on additional capitalised expenditure arising from foreign exchange fluctuation. All referred questions were answered in favour of the assessee, granting full relief on the income-tax issues considered. en-us Thu, 28 Nov 1991 00:00:00 +0530 Tue, 17 Nov 2009 16:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20860 The High Court followed binding precedent in the assessee's own case and an applicable Supreme Court decision to hold that expenditure on the dairy machinery unit was deductible as business expenditure. It also treated extra shift allowance as allowable in depreciation for the water system, sanitation and technical documentation, and held that depreciation was admissible on additional capitalised expenditure arising from foreign exchange fluctuation. All referred questions were answered in favour of the assessee, granting full relief on the income-tax issues considered. Case-Laws Income Tax Thu, 28 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20860