https://www.taxtmi.com/caselaws?id=26678 The court upheld the Tribunal's decisions on both issues, allowing the deduction of interest on compensation due to foreign owners of nationalized transport undertakings as a revenue expenditure and classifying buildings in bus termini as factory buildings for depreciation purposes. The judgment emphasized the importance of financial stability for the transport corporation and justified the classification based on the buildings' use as workshops alongside parking buses. The Revenue's application was dismissed, with the court finding no justification for referring the questions raised. en-us Wed, 13 Mar 1985 00:00:00 +0530 Sat, 06 Feb 2010 17:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26678 The court upheld the Tribunal's decisions on both issues, allowing the deduction of interest on compensation due to foreign owners of nationalized transport undertakings as a revenue expenditure and classifying buildings in bus termini as factory buildings for depreciation purposes. The judgment emphasized the importance of financial stability for the transport corporation and justified the classification based on the buildings' use as workshops alongside parking buses. The Revenue's application was dismissed, with the court finding no justification for referring the questions raised. Case-Laws Income Tax Wed, 13 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26678