1979 (11) TMI 136 - AT - Income Tax

Summary

The ITAT Madras upheld the AAC's decision to allow deduction for expenses on coffee, tea, etc. supplied to customers and provision for unavailed leave salary. The tribunal also supported the AAC's decision to allow notice pay and compensation for employees discharged under voluntary retirement scheme as deductions. Additionally, the tribunal agreed with the AAC that 100% depreciation should be allowed for partition work with fencing, dismissing the appeal.