https://www.taxtmi.com/caselaws?id=39150 The High Court ruled in favor of the department and against the assessee regarding the depreciation allowance for double shift operation of plant and machinery. The court held that the assessee was entitled to 50% of normal depreciation proportionately for the actual days worked, not for the entire year. On the issue of the deduction of extra price payable for sugarcane purchase, the High Court ruled in favor of the assessee, allowing the deduction as the liability was not uncertain or contingent but a liability in praesenti, though payable in the future. en-us Tue, 03 Oct 1972 00:00:00 +0530 Tue, 13 Apr 2010 12:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39150 The High Court ruled in favor of the department and against the assessee regarding the depreciation allowance for double shift operation of plant and machinery. The court held that the assessee was entitled to 50% of normal depreciation proportionately for the actual days worked, not for the entire year. On the issue of the deduction of extra price payable for sugarcane purchase, the High Court ruled in favor of the assessee, allowing the deduction as the liability was not uncertain or contingent but a liability in praesenti, though payable in the future. Case-Laws Income Tax Tue, 03 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39150