https://www.taxtmi.com/caselaws?id=26779 The High Court upheld the Tribunal's decisions on the classification of expenditure and depreciation, affirming that 20% of the expenditure should be treated as revenue expenditure and allowing depreciation on one-third of the capital expenditure. However, the issue of deduction under section 80M was remitted back to the Tribunal for further consideration as the High Court found the Tribunal had not fully addressed the matter. The Court deemed the Tribunal's decisions just and reasonable based on a thorough analysis of legal principles and precedents. en-us Thu, 21 Mar 1985 00:00:00 +0530 Mon, 08 Feb 2010 13:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26779 The High Court upheld the Tribunal's decisions on the classification of expenditure and depreciation, affirming that 20% of the expenditure should be treated as revenue expenditure and allowing depreciation on one-third of the capital expenditure. However, the issue of deduction under section 80M was remitted back to the Tribunal for further consideration as the High Court found the Tribunal had not fully addressed the matter. The Court deemed the Tribunal's decisions just and reasonable based on a thorough analysis of legal principles and precedents. Case-Laws Income Tax Thu, 21 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26779