1991 (2) TMI 92 - HC - Income Tax

Appeal To Tribunal, Building, Business Expenditure, Depreciation, Developement Rebate, Disallowance, Perquisite

Summary

The High Court of Bombay delivered a judgment in a case related to the assessment of the assessee for the years 1968-69, 1969-70, and 1970-71. The court answered three questions of law regarding cash allowances, depreciation, and development rebate in favor of the assessee based on previous judgments and legal provisions. The court found no issue with the Tribunal's order regarding the verification of development rebate eligibility for a company.