https://www.taxtmi.com/caselaws?id=470645 Deduction for interest and dividend income from investments with co-operative banks and societies is addressed under Section 80P(2)(d), where investments are treated as funded from own capital, reserves and surplus exceeding the investment amount. The balance of additional depreciation on eligible new machinery used for less than 180 days in the acquisition year is treated as allowable in the immediately succeeding year. Milk cans and related equipment used integrally in milk-processing and cattle-feed operations are treated as plant and machinery, supporting both normal and additional depreciation. 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 for interest and dividend income from investments with co-operative banks and societies is addressed under Section 80P(2)(d), where investments are treated as funded from own capital, reserves and surplus exceeding the investment amount. The balance of additional depreciation on eligible new machinery used for less than 180 days in the acquisition year is treated as allowable in the immediately succeeding year. Milk cans and related equipment used integrally in milk-processing and cattle-feed operations are treated as plant and machinery, supporting both normal and additional depreciation. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470645