https://www.taxtmi.com/caselaws?id=55384 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the treatment of membership fee as revenue expenditure and the eligibility of initial depreciation on power house machinery. Additionally, the Tribunal sided with the assessee on the inclusion of the balance in capital employed for deduction under section 80J. However, regarding the appealability of the levy of penal interest under section 215, the Tribunal remitted the matter to the CIT (Appeals) for further assessment based on the merits of the case, as the liability for interest payment was not admitted by the assessee. en-us Mon, 16 Nov 1981 00:00:00 +0530 Fri, 26 Nov 2010 17:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55384 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the treatment of membership fee as revenue expenditure and the eligibility of initial depreciation on power house machinery. Additionally, the Tribunal sided with the assessee on the inclusion of the balance in capital employed for deduction under section 80J. However, regarding the appealability of the levy of penal interest under section 215, the Tribunal remitted the matter to the CIT (Appeals) for further assessment based on the merits of the case, as the liability for interest payment was not admitted by the assessee. Case-Laws Income Tax Mon, 16 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55384