https://www.taxtmi.com/caselaws?id=7065 The court ruled against calculating depreciation by taking a proportionate part of the asset's cost and supported deducting only the actual depreciation allowed for part usage. The court emphasized that depreciation should be computed on the asset as a whole and then proportionately divided based on its business and personal use. The decision aligned with a previous ruling rejecting the idea of splitting the asset's cost for depreciation purposes. The Commissioner was directed to pay the costs of the assessee. en-us Fri, 15 Sep 1967 00:00:00 +0530 Sun, 08 Feb 2009 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7065 The court ruled against calculating depreciation by taking a proportionate part of the asset's cost and supported deducting only the actual depreciation allowed for part usage. The court emphasized that depreciation should be computed on the asset as a whole and then proportionately divided based on its business and personal use. The decision aligned with a previous ruling rejecting the idea of splitting the asset's cost for depreciation purposes. The Commissioner was directed to pay the costs of the assessee. Case-Laws Income Tax Fri, 15 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7065