https://www.taxtmi.com/article/detailed?id=295 Written down value depends on depreciation actually allowed, not on notional deductions; where only a proportion of composite income is taxable under plantation or similar computation rules, WDV is reduced only by the proportion of depreciation actually allowed. This principle also applies when part of depreciation is disallowed for personal or non business use, non use, absence of claim, or tax holidays. Revenue should not pursue appeals once a legal position is final, and counsels must disclose settled precedents and the status of related cases to avoid unnecessary litigation. en-us Wed, 25 Feb 2009 00:00:00 +0530 Thu, 26 Feb 2009 06:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=295 Written down value depends on depreciation actually allowed, not on notional deductions; where only a proportion of composite income is taxable under plantation or similar computation rules, WDV is reduced only by the proportion of depreciation actually allowed. This principle also applies when part of depreciation is disallowed for personal or non business use, non use, absence of claim, or tax holidays. Revenue should not pursue appeals once a legal position is final, and counsels must disclose settled precedents and the status of related cases to avoid unnecessary litigation. Articles Income Tax Wed, 25 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=295