https://www.taxtmi.com/caselaws?id=29549 The court upheld the allowability of travelling expenses as revenue expenditure, property tax as revenue expenditure, and the classification of loose tools and implements as plant or machinery for depreciation and development rebate in favor of the assessee. However, the court ruled against the assessee regarding the taxability of unclaimed balances written back under Section 41(1) and penalty recovered from cane growers. Additionally, the court sided with the revenue on the issue of extra shift allowance on additions to plant and machinery. en-us Tue, 15 Apr 1975 00:00:00 +0530 Sat, 13 Mar 2010 16:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29549 The court upheld the allowability of travelling expenses as revenue expenditure, property tax as revenue expenditure, and the classification of loose tools and implements as plant or machinery for depreciation and development rebate in favor of the assessee. However, the court ruled against the assessee regarding the taxability of unclaimed balances written back under Section 41(1) and penalty recovered from cane growers. Additionally, the court sided with the revenue on the issue of extra shift allowance on additions to plant and machinery. Case-Laws Income Tax Tue, 15 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29549