https://www.taxtmi.com/caselaws?id=24677 The case involved disputes over the admissibility of pension payments as business expenditure, entitlement to higher rebate on machinery installation, claim for development rebate on a tube-well, and the treatment of cash allowance for tax purposes. The Appellate Tribunal allowed the deductions for pension payments, higher rebate on machinery installation, and development rebate on the tube-well based on commercial expediency and past practices. The court ruled in favor of the assessee regarding the treatment of cash allowance, stating it should not be considered for tax purposes. en-us Mon, 13 Jun 1988 00:00:00 +0530 Thu, 21 Jan 2010 16:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24677 The case involved disputes over the admissibility of pension payments as business expenditure, entitlement to higher rebate on machinery installation, claim for development rebate on a tube-well, and the treatment of cash allowance for tax purposes. The Appellate Tribunal allowed the deductions for pension payments, higher rebate on machinery installation, and development rebate on the tube-well based on commercial expediency and past practices. The court ruled in favor of the assessee regarding the treatment of cash allowance, stating it should not be considered for tax purposes. Case-Laws Income Tax Mon, 13 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24677