https://www.taxtmi.com/caselaws?id=24254 Depreciation treatment for "corrosive chemicals" extends to chemicals having a corrosive effect and is not confined to free chemicals. The relevant depreciation entry is construed by reference to the corrosive character of the chemical. Interest under section 139(8) forms part of the assessment process, allowing an assessee to contest liability to such interest in an appeal against assessment. However, an appeal does not lie where the request is limited to waiver or reduction of interest without disputing the underlying liability. en-us Thu, 17 Nov 1988 00:00:00 +0530 Mon, 18 Jan 2010 17:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24254 Depreciation treatment for "corrosive chemicals" extends to chemicals having a corrosive effect and is not confined to free chemicals. The relevant depreciation entry is construed by reference to the corrosive character of the chemical. Interest under section 139(8) forms part of the assessment process, allowing an assessee to contest liability to such interest in an appeal against assessment. However, an appeal does not lie where the request is limited to waiver or reduction of interest without disputing the underlying liability. Case-Laws Income Tax Thu, 17 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24254