https://www.taxtmi.com/caselaws?id=57513 The appellate tribunal partially allowed the appeal filed by the assessee. The tribunal upheld the lower authorities' decision on issues such as non-allowance of depreciation on certain machinery and a building without transferred title. It disallowed the provision for executive wages but allowed depreciation at a higher rate once the requisite certificate is filed. The tribunal remitted the valuation of closing stock back to the Assessing Officer for further assessment. The issues regarding quantification of opening stock, interest charged under section 234B, and additional tax under section 143(1A) were deemed consequential. en-us Mon, 21 Aug 1995 00:00:00 +0530 Fri, 10 Dec 2010 15:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57513 The appellate tribunal partially allowed the appeal filed by the assessee. The tribunal upheld the lower authorities' decision on issues such as non-allowance of depreciation on certain machinery and a building without transferred title. It disallowed the provision for executive wages but allowed depreciation at a higher rate once the requisite certificate is filed. The tribunal remitted the valuation of closing stock back to the Assessing Officer for further assessment. The issues regarding quantification of opening stock, interest charged under section 234B, and additional tax under section 143(1A) were deemed consequential. Case-Laws Income Tax Mon, 21 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57513