https://www.taxtmi.com/caselaws?id=25984 The court ruled in favor of the Revenue regarding the classification of excess payments due to exchange rate fluctuations as capital expenditures. However, the court favored the assessee in determining that house rent allowance and medical reimbursements were not considered perquisites. The court also supported the inclusion of the Deep Sea Fishing Division as an industrial undertaking for tax relief purposes. Additionally, the court allowed weighted deductions for export agency inspection fees and the inclusion of capital work-in-progress in capital employed for relief purposes. Lastly, the court approved a full deduction under section 80J for the agricultural pesticide division, despite its partial operational period. en-us Mon, 14 Jul 1986 00:00:00 +0530 Tue, 02 Feb 2010 11:17:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25984 The court ruled in favor of the Revenue regarding the classification of excess payments due to exchange rate fluctuations as capital expenditures. However, the court favored the assessee in determining that house rent allowance and medical reimbursements were not considered perquisites. The court also supported the inclusion of the Deep Sea Fishing Division as an industrial undertaking for tax relief purposes. Additionally, the court allowed weighted deductions for export agency inspection fees and the inclusion of capital work-in-progress in capital employed for relief purposes. Lastly, the court approved a full deduction under section 80J for the agricultural pesticide division, despite its partial operational period. Case-Laws Income Tax Mon, 14 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25984