https://www.taxtmi.com/caselaws?id=181271 For computing written down value under section 10(5)(b), "depreciation actually allowed" means depreciation actually taken into account in computing income chargeable to tax under the Act, not depreciation merely used in determining world income; the assessee's contention was accepted on this point. Paragraph 2 of the Taxation Laws (Part B States) (Removal of Difficulties) Order, 1950 was recognised as a valid provision requiring Part B State depreciation actually allowed under relevant income-tax or business profits rules to be brought into the written down value computation, but its application depended on factual findings that depreciation had in fact been allowed under the Industrial Tax Rules and that those rules fell within the paragraph. en-us Fri, 22 Jun 1962 00:00:00 +0530 Tue, 12 Apr 2016 12:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181271 For computing written down value under section 10(5)(b), "depreciation actually allowed" means depreciation actually taken into account in computing income chargeable to tax under the Act, not depreciation merely used in determining world income; the assessee's contention was accepted on this point. Paragraph 2 of the Taxation Laws (Part B States) (Removal of Difficulties) Order, 1950 was recognised as a valid provision requiring Part B State depreciation actually allowed under relevant income-tax or business profits rules to be brought into the written down value computation, but its application depended on factual findings that depreciation had in fact been allowed under the Industrial Tax Rules and that those rules fell within the paragraph. Case-Laws Income Tax Fri, 22 Jun 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181271