Tribunal held that on development expenditure 10% depreciation was held to be allowable and balance was held to be not allowable . ( AY. 2008 -09)
Mahanadi Coalfields Ltd. v. DCIT (2018) 61 ITR 585 (Ctk) (Trib)
S. 37(1):Business expenditure — Capital or revenue -Development expenditure — Depreciation was held to be allowable at 10% and balance was held to be disallowable [ S. 32 ]