https://www.taxtmi.com/caselaws?id=58024 Long standing, statute approved sole selling agency arrangements cannot be recharacterised into diverted profits absent cogent material, rejection of books, or statutory basis; the addition of Rs. 196.63 lakhs was deleted. Depreciation for a training/documentation centre within factory precincts is disallowed at the higher factory rate. Interest on project land allotment was capital in nature and disallowed. Small repairs, logo replacement and compressed air pipeline installation were revenue expenditures and deductible. Increase in authorised capital fees to effect bonus issue may be revenue subject to verification. Society charges for employee flats are taxable perquisites. Technical know how and deductions under sections 35AB, 32AB and 80 I require statutory condition verification and prescribed apportionment and sequencing of depreciation and interest. en-us Thu, 12 Mar 1992 00:00:00 +0530 Wed, 15 Dec 2010 18:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58024 Long standing, statute approved sole selling agency arrangements cannot be recharacterised into diverted profits absent cogent material, rejection of books, or statutory basis; the addition of Rs. 196.63 lakhs was deleted. Depreciation for a training/documentation centre within factory precincts is disallowed at the higher factory rate. Interest on project land allotment was capital in nature and disallowed. Small repairs, logo replacement and compressed air pipeline installation were revenue expenditures and deductible. Increase in authorised capital fees to effect bonus issue may be revenue subject to verification. Society charges for employee flats are taxable perquisites. Technical know how and deductions under sections 35AB, 32AB and 80 I require statutory condition verification and prescribed apportionment and sequencing of depreciation and interest. Case-Laws Income Tax Thu, 12 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58024