https://www.taxtmi.com/caselaws?id=33589 The Supreme Court upheld the High Court's decision regarding the applicability of Section 43B of the Income Tax Act, allowing for the treatment of unpaid bottling fees upon furnishing a bank guarantee. The Court remitted the issue of depreciation on research and development assets back to the Assessing Officer for further examination to determine if deductions should be granted based on evidence of machinery usage provided by the assessee. en-us Fri, 08 May 2009 00:00:00 +0530 Tue, 28 Jul 2009 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33589 The Supreme Court upheld the High Court's decision regarding the applicability of Section 43B of the Income Tax Act, allowing for the treatment of unpaid bottling fees upon furnishing a bank guarantee. The Court remitted the issue of depreciation on research and development assets back to the Assessing Officer for further examination to determine if deductions should be granted based on evidence of machinery usage provided by the assessee. Case-Laws Income Tax Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33589