https://www.taxtmi.com/caselaws?id=184887 Depreciation under the applicable rule remained available for the full year even though the machinery was let out only for a seasonal period, because the proviso permitted the allowance once the rule was attracted. Tax paid under the U.P. District Boards Act was also allowable as business deduction, as the levy was treated as an outgoing incurred as a necessary incident of carrying on trade and not as a tax on profits or gains. Both issues were decided in favour of the assessee on the substantive tax points. en-us Tue, 06 Apr 1965 00:00:00 +0530 Sat, 23 Jul 2016 13:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184887 Depreciation under the applicable rule remained available for the full year even though the machinery was let out only for a seasonal period, because the proviso permitted the allowance once the rule was attracted. Tax paid under the U.P. District Boards Act was also allowable as business deduction, as the levy was treated as an outgoing incurred as a necessary incident of carrying on trade and not as a tax on profits or gains. Both issues were decided in favour of the assessee on the substantive tax points. Case-Laws Income Tax Tue, 06 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184887