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Issues involved:
1. Interpretation and application of section 35C of the Income-tax Act, 1961. 2. Eligibility of expenditure for weighted deduction under section 35C. 3. Deduction eligibility for expenses on dissemination of information or demonstration of modern techniques. 4. Granting relief under section 35C for a specific percentage of expenditure. 5. Classification of roads as 'building' for depreciation. 6. Entitlement to depreciation on fencing at the rate applicable to plant. 7. Deductibility of contributions made under section 69 of the Gujarat Rajya Sahakari Co-operative Societies Act. 8. Eligibility for investment allowance in respect of wireless equipment. 9. Admissibility of depreciation on the value of plant and machinery received by subsidy. Detailed Analysis: 1. The court answered questions 1 to 4 in favor of the assessee based on a previous judgment. The questions related to the interpretation and application of section 35C and eligibility of expenditure for weighted deduction. 2. Question 5 was answered in favor of the Revenue, treating roads as 'building' and not eligible for depreciation as 'plant.' 3. The court answered question 6 against the assessee, denying entitlement to depreciation on fencing at the rate applicable to plant. 4. Question 7 was answered in favor of the assessee, holding that contributions made under a specific section were not deductible in the computation of total income. 5. The controversy in question 8 revolved around the eligibility for investment allowance in respect of wireless equipment. The court found in favor of the assessee, determining that wireless equipment had nexus with the production process and was not an office appliance, thus allowing the claim under section 32A of the Act. 6. Question 9 was answered in favor of the assessee, concluding that depreciation was not admissible on a specific percentage of the value of plant and machinery received by subsidy. 7. The court emphasized that the Tribunal's findings on the nature and usage of wireless equipment were crucial in determining eligibility for investment allowance, highlighting the distinction between office appliances and machinery with a production process nexus. 8. The judgment provided detailed reasoning based on legal precedents to support the conclusions reached on each issue, ensuring a thorough analysis of the applicable law and factual circumstances. 9. Overall, the judgment addressed various complex tax law issues, providing clarity on the interpretation and application of relevant provisions under the Income-tax Act, 1961, and setting a precedent for future cases with similar considerations.
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