https://www.taxtmi.com/caselaws?id=55925 The Tribunal upheld the CIT(A)'s decision to allow deductions on machinery and cancel interest charges under sections 215 and 139(8) after granting the deductions. The CIT(A) justified the deductions for machinery purchased, installed, and used within the extended accounting period, dismissing the Department's objections. The Tribunal concurred with the CIT(A)'s findings, emphasizing compliance with legal provisions on depreciation and interest charges, ultimately dismissing the appeal. en-us Mon, 11 Nov 1991 00:00:00 +0530 Tue, 30 Nov 2010 16:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55925 The Tribunal upheld the CIT(A)'s decision to allow deductions on machinery and cancel interest charges under sections 215 and 139(8) after granting the deductions. The CIT(A) justified the deductions for machinery purchased, installed, and used within the extended accounting period, dismissing the Department's objections. The Tribunal concurred with the CIT(A)'s findings, emphasizing compliance with legal provisions on depreciation and interest charges, ultimately dismissing the appeal. Case-Laws Income Tax Mon, 11 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55925