https://www.taxtmi.com/caselaws?id=56452 The Tribunal partly allowed the appeals of both the assessee and the Revenue. The disallowance under Rule 6B for the cost of silver articles and sweet boxes was deleted, while disallowance under Rule 6D for luxury tax and other taxes was upheld. The bonus paid in 1985 but debited in 1991-92 was confirmed as an addition. Depreciation for rented premises was upheld, but depreciation on electrical installations was sent back for reconsideration. The issue of prior year expenses was rejected. The premium for forward contracts was sent back for verification, and no addition to closing stock on account of Modvat was allowed. The deduction under Section 80HHC was upheld subject to verification. en-us Fri, 22 Aug 2003 00:00:00 +0530 Mon, 18 Jun 2012 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56452 The Tribunal partly allowed the appeals of both the assessee and the Revenue. The disallowance under Rule 6B for the cost of silver articles and sweet boxes was deleted, while disallowance under Rule 6D for luxury tax and other taxes was upheld. The bonus paid in 1985 but debited in 1991-92 was confirmed as an addition. Depreciation for rented premises was upheld, but depreciation on electrical installations was sent back for reconsideration. The issue of prior year expenses was rejected. The premium for forward contracts was sent back for verification, and no addition to closing stock on account of Modvat was allowed. The deduction under Section 80HHC was upheld subject to verification. Case-Laws Income Tax Fri, 22 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56452