https://www.taxtmi.com/caselaws?id=22666 Entertainment allowance, car allowance and house rent allowance were held outside the restriction in section 40(c)(iii) because binding precedent governed the point, and the assessee succeeded. Roads inside the factory premises were treated as part of the building used for business, not as plant, so depreciation was allowable to the assessee. A direction to verify the admissibility of development rebate to the amalgamating company for earlier assessment years was upheld, since the retrospective amendment to section 34(3)(a) restored the earlier legal position and supported the verification exercise. All referred questions were answered in favour of the assessee. en-us Wed, 20 Feb 1991 00:00:00 +0530 Sat, 12 Dec 2009 11:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22666 Entertainment allowance, car allowance and house rent allowance were held outside the restriction in section 40(c)(iii) because binding precedent governed the point, and the assessee succeeded. Roads inside the factory premises were treated as part of the building used for business, not as plant, so depreciation was allowable to the assessee. A direction to verify the admissibility of development rebate to the amalgamating company for earlier assessment years was upheld, since the retrospective amendment to section 34(3)(a) restored the earlier legal position and supported the verification exercise. All referred questions were answered in favour of the assessee. Case-Laws Income Tax Wed, 20 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22666