https://www.taxtmi.com/caselaws?id=55976 The appeal regarding the withdrawal of appeal for the assessment year 1985-86 was dismissed as withdrawn. The remaining appeals were partly allowed, directing the assessing officer to treat the concast shed as plant and machinery for depreciation allowances, extra shift allowances, and investment allowances. Similar treatment was directed for scrap bay and rolling mill sheds. Various disallowances were rejected as not pressed, while certain expenses were allowed based on business purposes. The deduction of interest charged under section 220 was denied, and the disallowance of contribution to a recreation center was upheld due to lack of counter details. en-us Wed, 23 Feb 1994 00:00:00 +0530 Tue, 30 Nov 2010 18:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55976 The appeal regarding the withdrawal of appeal for the assessment year 1985-86 was dismissed as withdrawn. The remaining appeals were partly allowed, directing the assessing officer to treat the concast shed as plant and machinery for depreciation allowances, extra shift allowances, and investment allowances. Similar treatment was directed for scrap bay and rolling mill sheds. Various disallowances were rejected as not pressed, while certain expenses were allowed based on business purposes. The deduction of interest charged under section 220 was denied, and the disallowance of contribution to a recreation center was upheld due to lack of counter details. Case-Laws Income Tax Wed, 23 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55976