https://www.taxtmi.com/caselaws?id=60382 The ITAT partially allowed the appeals for both assessment years. It held that the assessee was entitled to initial depreciation on machine tools, disagreeing with the narrow interpretation by the revenue. The disallowance of motor car expenses and depreciation was upheld due to personal use by directors. Relief under section 35B was limited to specific expenditure, and deduction under section 80VV was partially allowed after considering additional consultation expenses. The decisions were based on detailed analysis and legal interpretations, resulting in a mixed outcome for the assessee. en-us Mon, 06 Jul 1981 00:00:00 +0530 Wed, 05 Jan 2011 10:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60382 The ITAT partially allowed the appeals for both assessment years. It held that the assessee was entitled to initial depreciation on machine tools, disagreeing with the narrow interpretation by the revenue. The disallowance of motor car expenses and depreciation was upheld due to personal use by directors. Relief under section 35B was limited to specific expenditure, and deduction under section 80VV was partially allowed after considering additional consultation expenses. The decisions were based on detailed analysis and legal interpretations, resulting in a mixed outcome for the assessee. Case-Laws Income Tax Mon, 06 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60382