https://www.taxtmi.com/caselaws?id=63455 Where an Indo-French treaty does not prescribe a special depreciation method or define written down value, undefined terms take meaning from domestic law and all reasonable deductions must be allowed in computing industrial or commercial profits. The treaty's non-discrimination clause and section 90(2) supported application of the more beneficial domestic tax provision to the treaty assessee. On that basis, depreciation on the rig was allowable under the Income-tax Act, 1961, rather than being confined to a treaty-based wear-and-tear approach, and the assessee's claim was accepted. en-us Mon, 07 Nov 1994 00:00:00 +0530 Mon, 31 Jan 2011 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63455 Where an Indo-French treaty does not prescribe a special depreciation method or define written down value, undefined terms take meaning from domestic law and all reasonable deductions must be allowed in computing industrial or commercial profits. The treaty's non-discrimination clause and section 90(2) supported application of the more beneficial domestic tax provision to the treaty assessee. On that basis, depreciation on the rig was allowable under the Income-tax Act, 1961, rather than being confined to a treaty-based wear-and-tear approach, and the assessee's claim was accepted. Case-Laws Income Tax Mon, 07 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63455