https://www.taxtmi.com/caselaws?id=23945 Five tax-law questions were framed for the High Court's opinion: whether premium on directors' accident insurance and a provision for directors' conveyance are disallowable as personal expenses under section 40(c) read with section 40A(5); whether a 10 Ton Furnace Division is a separate industrial unit eligible for section 80J relief; whether higher development rebate is available under section 33(1)(b) and the Fifth Schedule for machinery in the furnace, mill and wire-drawing sections; whether deletion of an addition for excess sale price realised on sugar was justified; and whether development rebate is admissible on new electric fittings in the factory area. The Tribunal was directed to submit a statement of the case. en-us Wed, 05 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 13:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23945 Five tax-law questions were framed for the High Court's opinion: whether premium on directors' accident insurance and a provision for directors' conveyance are disallowable as personal expenses under section 40(c) read with section 40A(5); whether a 10 Ton Furnace Division is a separate industrial unit eligible for section 80J relief; whether higher development rebate is available under section 33(1)(b) and the Fifth Schedule for machinery in the furnace, mill and wire-drawing sections; whether deletion of an addition for excess sale price realised on sugar was justified; and whether development rebate is admissible on new electric fittings in the factory area. The Tribunal was directed to submit a statement of the case. Case-Laws Income Tax Wed, 05 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23945