https://www.taxtmi.com/caselaws?id=168653 Depreciation for assessment under the Indian Income-tax Act, 1922, had to be computed on actual cost less the depreciation actually allowed under the Hyderabad Income-tax Act, not on any higher written down value notionally worked out under that Act. The phrase "all depreciation actually allowed" in the Removal of Difficulties Order was construed as depreciation in fact granted by the assessing authority, and not depreciation merely allowable. The later explanation, which sought to substitute the aggregate allowance used for written down value under the Part B State law, was held to exceed the power under section 60A because that power could be used only to remove hardship or anomaly and not to prejudice the assessee. The explanation was therefore void. en-us Tue, 16 Feb 1954 00:00:00 +0530 Thu, 19 Mar 2015 16:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168653 Depreciation for assessment under the Indian Income-tax Act, 1922, had to be computed on actual cost less the depreciation actually allowed under the Hyderabad Income-tax Act, not on any higher written down value notionally worked out under that Act. The phrase "all depreciation actually allowed" in the Removal of Difficulties Order was construed as depreciation in fact granted by the assessing authority, and not depreciation merely allowable. The later explanation, which sought to substitute the aggregate allowance used for written down value under the Part B State law, was held to exceed the power under section 60A because that power could be used only to remove hardship or anomaly and not to prejudice the assessee. The explanation was therefore void. Case-Laws Income Tax Tue, 16 Feb 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168653