https://www.taxtmi.com/caselaws?id=29492 The court ruled in favor of the assessee on all issues. It denied the weighted deduction on agricultural development allowance for depreciation, held the profit on exchange as non-taxable, classified monetary payments for medical expenses as not constituting perquisites, and allowed ex gratia payments in computing business income. The court answered questions in favor of the assessee and ordered each party to bear its own costs. en-us Mon, 10 Aug 1981 00:00:00 +0530 Sat, 13 Mar 2010 12:47:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29492 The court ruled in favor of the assessee on all issues. It denied the weighted deduction on agricultural development allowance for depreciation, held the profit on exchange as non-taxable, classified monetary payments for medical expenses as not constituting perquisites, and allowed ex gratia payments in computing business income. The court answered questions in favor of the assessee and ordered each party to bear its own costs. Case-Laws Income Tax Mon, 10 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29492