https://www.taxtmi.com/caselaws?id=26516 The Tribunal's decisions in three references under section 256(1) of the Income-tax Act for assessment years 1966-67, 1968-69, and 1969-70 favored the assessee. The Tribunal correctly included interest and expenses on a loan in the actual cost of machinery for depreciation, treated compensation to foreign collaborators as part of plant cost, and allowed depreciation on roads and fencing. Perquisites paid to an employee were not considered under relevant sections, leading to deletion of disallowance. Technical know-how expenditure was treated as revenue, and employee salary was exempted from tax. The Tribunal's rulings were upheld, benefiting the assessee. en-us Mon, 07 Oct 1985 00:00:00 +0530 Fri, 05 Feb 2010 15:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26516 The Tribunal's decisions in three references under section 256(1) of the Income-tax Act for assessment years 1966-67, 1968-69, and 1969-70 favored the assessee. The Tribunal correctly included interest and expenses on a loan in the actual cost of machinery for depreciation, treated compensation to foreign collaborators as part of plant cost, and allowed depreciation on roads and fencing. Perquisites paid to an employee were not considered under relevant sections, leading to deletion of disallowance. Technical know-how expenditure was treated as revenue, and employee salary was exempted from tax. The Tribunal's rulings were upheld, benefiting the assessee. Case-Laws Income Tax Mon, 07 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26516