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1999 (12) TMI 4 - HC - Income TaxBusiness Expenditure, New Industrial Undertaking, Special Deduction, Computation Of Capital, Actual Cost, Subsidy From Government - "(i) Whether, on the facts and circumstances of the case, the Appellate Tribunal was right in law in holding that the contribution paid as per the provisions of section 69 of the Gujarat Rajya Co-operative Societies Act, 1961, is not deductible in the computation of the total income? - (ii) Whether, on the facts and circumstances of the case, the Appellate Tribunal was right in law in holding that depreciation was not admissible on 30 percent value of the plant and machinery received from Indian Dairy Corporation? - (iii) Whether, on the facts, the Appellate Tribunal was right in law in holding that 30 percent of value of the plant and machinery received from Indian Dairy Corporation was not to be included in the computation of the capital employed for the purpose of granting relief under section 80J?"
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