https://www.taxtmi.com/caselaws?id=38655 The court ruled in favor of the assessee on all three issues. The assessee is entitled to an 8% deduction under Section 80E without deducting unabsorbed depreciation, development rebate, or earlier business losses. Additionally, indirect expenditures such as salaries, rent, and lighting are to be included in capital assets for depreciation and development rebate. The expenditure incurred on road construction is also eligible for depreciation. The court upheld the Tribunal's decisions on these matters, supporting the assessee against the revenue. en-us Wed, 24 Nov 1976 00:00:00 +0530 Thu, 08 Apr 2010 10:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38655 The court ruled in favor of the assessee on all three issues. The assessee is entitled to an 8% deduction under Section 80E without deducting unabsorbed depreciation, development rebate, or earlier business losses. Additionally, indirect expenditures such as salaries, rent, and lighting are to be included in capital assets for depreciation and development rebate. The expenditure incurred on road construction is also eligible for depreciation. The court upheld the Tribunal's decisions on these matters, supporting the assessee against the revenue. Case-Laws Income Tax Wed, 24 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38655