https://www.taxtmi.com/caselaws?id=189184 An appellate tribunal cannot enhance the assessee's liability or increase the route-value component in the absence of a departmental appeal, although such an error may be corrected through rectification. For depreciation purposes, the purchase price of a bus with a route permit cannot be treated as the value of the vehicle alone, because part of the consideration may properly be attributed to the commercial advantage attached to the route or permit. Depreciation is therefore allowable only on the balance attributable to the vehicle itself. The departmental allocation of part of the consideration to route value, and depreciation on the remaining amount, was upheld. en-us Mon, 05 Feb 1962 00:00:00 +0530 Fri, 30 Dec 2016 17:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189184 An appellate tribunal cannot enhance the assessee's liability or increase the route-value component in the absence of a departmental appeal, although such an error may be corrected through rectification. For depreciation purposes, the purchase price of a bus with a route permit cannot be treated as the value of the vehicle alone, because part of the consideration may properly be attributed to the commercial advantage attached to the route or permit. Depreciation is therefore allowable only on the balance attributable to the vehicle itself. The departmental allocation of part of the consideration to route value, and depreciation on the remaining amount, was upheld. Case-Laws Income Tax Mon, 05 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189184