https://www.taxtmi.com/circulars?id=4613 Where an assessee has been allowed depreciation under income tax rules, the Board considers that the assessee need not again write off an amount equal to the terminal allowance; the deduction under section 32(1)(iii) may be allowed on the basis of the written down value according to income tax records without an additional book write off. en-us Sat, 26 Feb 1977 00:00:00 +0530 Thu, 31 Jul 2008 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4613 Where an assessee has been allowed depreciation under income tax rules, the Board considers that the assessee need not again write off an amount equal to the terminal allowance; the deduction under section 32(1)(iii) may be allowed on the basis of the written down value according to income tax records without an additional book write off. Circulars Income Tax Sat, 26 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4613