https://www.taxtmi.com/caselaws?id=8763 The court affirmed the Income-tax Officer's decision to allow depreciation on a truck for the assessment year 1961-62, despite the absence of furnished particulars in the return. The court emphasized the importance of depreciation for determining accurate business profits and held that the lack of particulars does not deprive the officer of jurisdiction to allow depreciation. The decision upheld the allowance of depreciation, rejecting the argument that the absence of particulars invalidated the claim. The Commissioner of Income-tax was awarded costs and counsel's fees of Rs. 200 each. en-us Mon, 17 Jan 1972 00:00:00 +0530 Wed, 03 Jun 2009 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8763 The court affirmed the Income-tax Officer's decision to allow depreciation on a truck for the assessment year 1961-62, despite the absence of furnished particulars in the return. The court emphasized the importance of depreciation for determining accurate business profits and held that the lack of particulars does not deprive the officer of jurisdiction to allow depreciation. The decision upheld the allowance of depreciation, rejecting the argument that the absence of particulars invalidated the claim. The Commissioner of Income-tax was awarded costs and counsel's fees of Rs. 200 each. Case-Laws Income Tax Mon, 17 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8763