https://www.taxtmi.com/caselaws?id=174981 Depreciation under Section 10(2)(vi) of the Income-tax Act, 1922 could not be proportionately reduced merely because the factory worked only for part of the year. Read with Section 10(3), the limitation on allowance where property is not wholly used was construed as referring to use for other purposes, not mere non-use throughout the whole year. The statute did not permit apportionment on equitable grounds alone. The assessee was entitled to full depreciation, and the reference was answered in the affirmative. en-us Wed, 15 Aug 1945 00:00:00 +0630 Mon, 02 Nov 2015 12:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174981 Depreciation under Section 10(2)(vi) of the Income-tax Act, 1922 could not be proportionately reduced merely because the factory worked only for part of the year. Read with Section 10(3), the limitation on allowance where property is not wholly used was construed as referring to use for other purposes, not mere non-use throughout the whole year. The statute did not permit apportionment on equitable grounds alone. The assessee was entitled to full depreciation, and the reference was answered in the affirmative. Case-Laws Income Tax Wed, 15 Aug 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=174981