https://www.taxtmi.com/caselaws?id=22274 The High Court ruled in favor of the assessee on various tax issues: exclusion of borrowed capital and current liabilities in capital computation, allowing full deduction under section 80J for a fertiliser project, excluding medical expenses from disallowance, disallowing only a portion of interest paid to the bank, disallowing depreciation claim for scientific research assets, and treating certain assets as part of the factory building for depreciation but disallowing development rebate. Justice Ajit K. Sengupta delivered the judgment, with Justice Bhagabati Prasad Banerjee concurring on the treatment of assets as part of the factory building. en-us Fri, 14 Dec 1990 00:00:00 +0530 Tue, 08 Dec 2009 15:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22274 The High Court ruled in favor of the assessee on various tax issues: exclusion of borrowed capital and current liabilities in capital computation, allowing full deduction under section 80J for a fertiliser project, excluding medical expenses from disallowance, disallowing only a portion of interest paid to the bank, disallowing depreciation claim for scientific research assets, and treating certain assets as part of the factory building for depreciation but disallowing development rebate. Justice Ajit K. Sengupta delivered the judgment, with Justice Bhagabati Prasad Banerjee concurring on the treatment of assets as part of the factory building. Case-Laws Income Tax Fri, 14 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22274