https://www.taxtmi.com/caselaws?id=5784 Whether depreciation under the Income-tax Act, 1961 can be allowed by the assessing authority when the taxpayer has not claimed it was the dominant issue. The SC held that depreciation is a statutory benefit intended for the taxpayer and cannot be thrust upon it; the administrative circular only obliges officers to advise and assist, not to allow depreciation mandatorily. Further, computation provisions must be read with the bar in s.34: unless requisite particulars are furnished and the claim is made, depreciation under s.32 cannot be granted. "Actually allowed" depreciation affects written down value only when claimed, not notionally. The appeal was dismissed, affirming that unclaimed depreciation cannot be allowed. en-us Wed, 15 Mar 2000 00:00:00 +0530 Sat, 20 Dec 2025 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5784 Whether depreciation under the Income-tax Act, 1961 can be allowed by the assessing authority when the taxpayer has not claimed it was the dominant issue. The SC held that depreciation is a statutory benefit intended for the taxpayer and cannot be thrust upon it; the administrative circular only obliges officers to advise and assist, not to allow depreciation mandatorily. Further, computation provisions must be read with the bar in s.34: unless requisite particulars are furnished and the claim is made, depreciation under s.32 cannot be granted. "Actually allowed" depreciation affects written down value only when claimed, not notionally. The appeal was dismissed, affirming that unclaimed depreciation cannot be allowed. Case-Laws Income Tax Wed, 15 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5784