9911796707
TMI Blog1979 (6) TMI 87X X X X Extracts X X X X X X X X Extracts X X X X ..... by the ITO. 2. After hearing the parties, we find that the issue is covered by the order of the Tribunal, Madras Bench 'C', in the assessee's own appeal for the asst. yr. 1972-73 in ITA No. 2038/MDS/73-74 comprising of Shri S. Ranganathan Vice-President and Shri George Cheriyan. By its order, dt. 20th Oct., 1975, the Tribunal considered the assessee's claim for depreciation in respect of the can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he same view may be taken even for income-tax purposes and that for the above reasons, the assessee would be entitled to the higher depreciation in respect of the canteen buildings as claimed. We are in agreement with the reasonings found in the above order of the Tribunal. We accordingly, uphold the order of the AAC. 3. The second contention raised by the Revenue in this appeal is that the AAC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1978, the Tribunal held that s. 35 would apply to cases of scientific research set up as independent units and that it must be in relation to the business carried on by the assessee in order to be eligible for deduction in that business and, therefore, so long as those assets are used for scientific research it cannot be said that they are used in the business and that once they ceased to be used ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The assessee claimed deduction under the head "advertisement". The ITO disallowed the same on the ground that it is a mere donation. On appeal, the AAC accepted the assessee's contention that the amount was paid only towards the assessee's contribution to the Grand Prix in the annual motor races and that the Madras Race Club itself put up banners of advertisement on behalf of the assessee and tha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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