https://www.taxtmi.com/caselaws?id=58521 Additional depreciation was treated as allowable on computers and air-conditioners installed on an exclusive floor used for business, because functional use prevailed over the building's administrative character. Excise duty remained part of closing stock cost, since section 43B does not override normal stock valuation principles and exclusion would distort profits. Unpaid sales-tax was not disallowable where the liability became payable in the subsequent period, subject to factual verification of payment. Ad hoc disallowance of actual gratuity payments was unsustainable absent evidence of any prior disallowable scheme. Investment allowance was allowed for plant and machinery in the marketing division as part of an integrated manufacturing business, while car-repair expenditure was deductible but reimbursement of car expenses to employees was partly disallowed. en-us Tue, 18 Jul 1989 00:00:00 +0530 Mon, 20 Dec 2010 13:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58521 Additional depreciation was treated as allowable on computers and air-conditioners installed on an exclusive floor used for business, because functional use prevailed over the building's administrative character. Excise duty remained part of closing stock cost, since section 43B does not override normal stock valuation principles and exclusion would distort profits. Unpaid sales-tax was not disallowable where the liability became payable in the subsequent period, subject to factual verification of payment. Ad hoc disallowance of actual gratuity payments was unsustainable absent evidence of any prior disallowable scheme. Investment allowance was allowed for plant and machinery in the marketing division as part of an integrated manufacturing business, while car-repair expenditure was deductible but reimbursement of car expenses to employees was partly disallowed. Case-Laws Income Tax Tue, 18 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58521