Depreciation exclusion: prior allowed allowances excluded from written down value calculation for plant and buildings. The proviso directs that, when determining the written down value of buildings, machinery or plant for depreciation purposes, depreciation actually allowed shall not include depreciation allowed under specified sub clauses of the earlier Act where such depreciation was not deductible in determining the written down value for those earlier sub clauses.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depreciation exclusion: prior allowed allowances excluded from written down value calculation for plant and buildings.
The proviso directs that, when determining the written down value of buildings, machinery or plant for depreciation purposes, depreciation actually allowed shall not include depreciation allowed under specified sub clauses of the earlier Act where such depreciation was not deductible in determining the written down value for those earlier sub clauses.
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