https://www.taxtmi.com/caselaws?id=7060 Depreciation was held allowable on plant and furniture owned by the assessee and used in its business, even though physical use was by a sales manager acting on its behalf; ownership, not the user's identity, was the ining test. The cost of a kiln prepared from funds set apart for the University of Bombay was also treated in substance as a monetary donation, so relief under section 15B was available. Both issues were answered in favour of the assessee, with costs awarded. en-us Thu, 05 Oct 1967 00:00:00 +0530 Sun, 08 Feb 2009 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7060 Depreciation was held allowable on plant and furniture owned by the assessee and used in its business, even though physical use was by a sales manager acting on its behalf; ownership, not the user's identity, was the ining test. The cost of a kiln prepared from funds set apart for the University of Bombay was also treated in substance as a monetary donation, so relief under section 15B was available. Both issues were answered in favour of the assessee, with costs awarded. Case-Laws Income Tax Thu, 05 Oct 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7060