https://www.taxtmi.com/caselaws?id=11987 The court held that the Assessing Officer cannot allow depreciation deductions without a claim from the assessee, emphasizing the requirement for the prescribed particulars to be furnished for such deductions. The court rejected the argument that a later amendment making the provisions applicable regardless of the claim should be applied retrospectively, ruling that it is prospective from April 1, 2002. The decision favored the assessee, following precedents that fiscal amendments are not retrospective unless expressly stated. en-us Fri, 14 Feb 2003 00:00:00 +0530 Sun, 14 Feb 2010 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11987 The court held that the Assessing Officer cannot allow depreciation deductions without a claim from the assessee, emphasizing the requirement for the prescribed particulars to be furnished for such deductions. The court rejected the argument that a later amendment making the provisions applicable regardless of the claim should be applied retrospectively, ruling that it is prospective from April 1, 2002. The decision favored the assessee, following precedents that fiscal amendments are not retrospective unless expressly stated. Case-Laws Income Tax Fri, 14 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11987