https://www.taxtmi.com/caselaws?id=470645 Deduction under Section 80P(2)(d) was available for interest and dividend income from investments with co-operative banks and societies where the assessee's own interest-free funds exceeded its investments. The notes also state that the unclaimed balance of additional depreciation on new machinery used for less than 180 days in the acquisition year could be claimed in the immediately succeeding year. Milk cans and related equipment integral to milk-processing and cattle-feed operations were treated as plant and machinery, making them eligible for normal and additional depreciation. The appellate authority's allowance of these deductions and depreciation claims was described as sustainable. en-us Wed, 19 Feb 2025 00:00:00 +0530 Mon, 03 Aug 2026 19:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470645 Deduction under Section 80P(2)(d) was available for interest and dividend income from investments with co-operative banks and societies where the assessee's own interest-free funds exceeded its investments. The notes also state that the unclaimed balance of additional depreciation on new machinery used for less than 180 days in the acquisition year could be claimed in the immediately succeeding year. Milk cans and related equipment integral to milk-processing and cattle-feed operations were treated as plant and machinery, making them eligible for normal and additional depreciation. The appellate authority's allowance of these deductions and depreciation claims was described as sustainable. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470645