https://www.taxtmi.com/caselaws?id=166182 Initial depreciation allowed under section 10(2)(via) of the Indian Income-tax Act, 1922 forms part of "depreciation actually allowed" and must be included in computing written down value for balancing charge purposes under section 10(2)(vii); the exclusion of such initial depreciation was rejected. An assessment order made within the statutory limitation period is valid even if communicated after expiry, because section 34(3) turns on the date the order is made, not the date of service or knowledge; the limitation objection therefore failed. en-us Thu, 11 Jul 1963 00:00:00 +0530 Thu, 28 Aug 2014 11:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166182 Initial depreciation allowed under section 10(2)(via) of the Indian Income-tax Act, 1922 forms part of "depreciation actually allowed" and must be included in computing written down value for balancing charge purposes under section 10(2)(vii); the exclusion of such initial depreciation was rejected. An assessment order made within the statutory limitation period is valid even if communicated after expiry, because section 34(3) turns on the date the order is made, not the date of service or knowledge; the limitation objection therefore failed. Case-Laws Income Tax Thu, 11 Jul 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166182