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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment to Section 43: Excludes Certain Depreciations from Written Down Value Calculation for Buildings, Machinery, and Plant.</h1> In the amendment to Section 43 of the Income-tax Act, a proviso is added to clause (6) stating that when determining the written down value of buildings, machinery, or plant for the purposes of clause (ii) of sub-section (1) of section 32, 'depreciation actually allowed' does not include depreciation permitted under sub-clauses (a), (b), and (c) of clause (vi) of sub-section (2) of section 10 of the Indian Income-tax Act, 1922, if such depreciation was not deductible for determining the written down value under the same clause.
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