https://www.taxtmi.com/caselaws?id=65721 For computing profit under section 41(2), only depreciation actually allowed in earlier assessments is relevant where the returns were processed under section 143(1) and no depreciation was claimed in those returns. On that factual basis, the computation could not proceed on an assumed depreciation allowance, so the assessee's contention was accepted and the deletion by the Appellate Assistant Commissioner was upheld. en-us Thu, 21 Jun 1979 00:00:00 +0530 Fri, 18 Feb 2011 14:47:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65721 For computing profit under section 41(2), only depreciation actually allowed in earlier assessments is relevant where the returns were processed under section 143(1) and no depreciation was claimed in those returns. On that factual basis, the computation could not proceed on an assumed depreciation allowance, so the assessee's contention was accepted and the deletion by the Appellate Assistant Commissioner was upheld. Case-Laws Income Tax Thu, 21 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65721