https://www.taxtmi.com/caselaws?id=21593 The court ruled in favor of the assessee, allowing depreciation on roads and confirming the provision made towards the pension fund as a deduction under section 37 of the Income-tax Act, 1961. The court emphasized commercial expediency and upheld the deductions for statutory obligations like pension funds, citing precedents from various High Courts. The decision maintained consistency with previous interpretations, ultimately supporting the assessee's claims for both depreciation on roads and the provision for the pension fund. en-us Mon, 03 Jun 1991 00:00:00 +0530 Wed, 25 Nov 2009 16:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21593 The court ruled in favor of the assessee, allowing depreciation on roads and confirming the provision made towards the pension fund as a deduction under section 37 of the Income-tax Act, 1961. The court emphasized commercial expediency and upheld the deductions for statutory obligations like pension funds, citing precedents from various High Courts. The decision maintained consistency with previous interpretations, ultimately supporting the assessee's claims for both depreciation on roads and the provision for the pension fund. Case-Laws Income Tax Mon, 03 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21593