No denial of depreciation when purchase bill wasn't in name of assessee if payment was made via cheque

IT : Assessee was held not required to deduct tax at source while paying commission to its Managing Director as part of its salary which was duly reflected in his taxable income
IT : Disallowance in respect of interest paid by assessee on loan taken from specified persons was restricted to 16 per cent
IT : Where assessee purchased assets through cheques, its claim for depreciation could not be rejected on ground that bills for purchase of assets did not mention assessee's name
IT : Where assessee capitalised expenditure incurred on installation of plant during relevant year, its claim for additional depreciation on same could not be rejected