https://www.taxtmi.com/caselaws?id=24254 The depreciation entry for "corrosive chemicals" was construed by reference to corrosive effect rather than a narrow distinction between free and non-free chemicals, so the assessee's wider interpretation failed and the Revenue succeeded on that point. On interest under section 139(8), the article states that liability to interest forms part of the assessment process and can be challenged in appeal where the objection is to the existence of liability itself, but a request confined to waiver or reduction is not appealable. The legal position therefore distinguishes between disputing chargeability and seeking discretionary relief. 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 The depreciation entry for "corrosive chemicals" was construed by reference to corrosive effect rather than a narrow distinction between free and non-free chemicals, so the assessee's wider interpretation failed and the Revenue succeeded on that point. On interest under section 139(8), the article states that liability to interest forms part of the assessment process and can be challenged in appeal where the objection is to the existence of liability itself, but a request confined to waiver or reduction is not appealable. The legal position therefore distinguishes between disputing chargeability and seeking discretionary relief. Case-Laws Income Tax Thu, 17 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24254