https://www.taxtmi.com/caselaws?id=58525 The Tribunal ruled in favor of the assessee on all issues presented in the case. The Tribunal rejected the Revenue's appeal, affirming that the provisions of Section 40(c) apply to employee directors, allowing initial contributions to an approved Superannuation Fund as revenue deductions, denying investment allowance on tractors and trailers, approving investment allowance on railway siding, classifying certain expenditures as revenue, permitting loose tools expenditure as revenue, and deleting interest levied under Section 216 of the IT Act. en-us Tue, 24 Oct 1989 00:00:00 +0530 Mon, 20 Dec 2010 14:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58525 The Tribunal ruled in favor of the assessee on all issues presented in the case. The Tribunal rejected the Revenue's appeal, affirming that the provisions of Section 40(c) apply to employee directors, allowing initial contributions to an approved Superannuation Fund as revenue deductions, denying investment allowance on tractors and trailers, approving investment allowance on railway siding, classifying certain expenditures as revenue, permitting loose tools expenditure as revenue, and deleting interest levied under Section 216 of the IT Act. Case-Laws Income Tax Tue, 24 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58525