https://www.taxtmi.com/caselaws?id=60366 The Tribunal partly allowed the appeal, upholding decisions on some issues while providing relief on others. It ruled in favor of excluding Rs. 1,96,28,861 transferred from reserve for book profit computation, deductibility of cash subsidy for asset cost, proportionate deduction of debenture premiums, allowing depreciation on specific assets, and depreciation calculation post-amalgamation. However, it dismissed claims for prospecting expenses deduction and investment in shares written off. The Tribunal also excluded depreciation in guest house expenses disallowance. The judgment stressed adherence to statutory provisions and legal precedents. en-us Thu, 28 Feb 2002 00:00:00 +0530 Tue, 04 Jan 2011 18:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60366 The Tribunal partly allowed the appeal, upholding decisions on some issues while providing relief on others. It ruled in favor of excluding Rs. 1,96,28,861 transferred from reserve for book profit computation, deductibility of cash subsidy for asset cost, proportionate deduction of debenture premiums, allowing depreciation on specific assets, and depreciation calculation post-amalgamation. However, it dismissed claims for prospecting expenses deduction and investment in shares written off. The Tribunal also excluded depreciation in guest house expenses disallowance. The judgment stressed adherence to statutory provisions and legal precedents. Case-Laws Income Tax Thu, 28 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60366