https://www.taxtmi.com/caselaws?id=255285 Depreciation was not compulsory where the assessee had not claimed it, and before insertion of Explanation 5 to section 32(1) the Assessing Officer could not thrust it upon the assessee while computing deduction under Chapter VI-A. The Court followed its earlier decision, held that there was no reason to depart from that view, and answered the reference in favour of the assessee. The Tribunal was therefore wrong in law in treating unclaimed depreciation as mandatorily allowable for the computation. en-us Tue, 23 Dec 2014 00:00:00 +0530 Tue, 13 Jan 2015 07:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255285 Depreciation was not compulsory where the assessee had not claimed it, and before insertion of Explanation 5 to section 32(1) the Assessing Officer could not thrust it upon the assessee while computing deduction under Chapter VI-A. The Court followed its earlier decision, held that there was no reason to depart from that view, and answered the reference in favour of the assessee. The Tribunal was therefore wrong in law in treating unclaimed depreciation as mandatorily allowable for the computation. Case-Laws Income Tax Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255285