https://www.taxtmi.com/caselaws?id=62175 Depreciation was treated as having been allowed only in the assessment year where the assessment order expressly stated that the estimated taxi income was fixed after depreciation. On that basis, the balancing charge on sale of the taxis under section 41(2) was confined to the depreciation deemed to have been allowed for that later year alone. The earlier assessment year, which did not show that the estimate was made after allowing depreciation, did not enlarge the statutory withdrawal. The addition was therefore limited accordingly. en-us Thu, 24 Mar 1983 00:00:00 +0530 Tue, 18 Jan 2011 13:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62175 Depreciation was treated as having been allowed only in the assessment year where the assessment order expressly stated that the estimated taxi income was fixed after depreciation. On that basis, the balancing charge on sale of the taxis under section 41(2) was confined to the depreciation deemed to have been allowed for that later year alone. The earlier assessment year, which did not show that the estimate was made after allowing depreciation, did not enlarge the statutory withdrawal. The addition was therefore limited accordingly. Case-Laws Income Tax Thu, 24 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62175