https://www.taxtmi.com/caselaws?id=13788 The court clarified that initial depreciation granted before April 1, 1984, should not be deducted in determining the written down value for the assessment year 1984-85. It ruled that the deletion of certain words in the statutory provision did not have a retrospective effect on benefits enjoyed by the assessee in earlier years. Additionally, the court held that a hotel building cannot be considered a plant for depreciation purposes under section 32 of the Income-tax Act, 1961, ruling in favor of the Revenue on this issue. en-us Thu, 21 Jun 2001 00:00:00 +0530 Thu, 02 Jul 2009 17:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13788 The court clarified that initial depreciation granted before April 1, 1984, should not be deducted in determining the written down value for the assessment year 1984-85. It ruled that the deletion of certain words in the statutory provision did not have a retrospective effect on benefits enjoyed by the assessee in earlier years. Additionally, the court held that a hotel building cannot be considered a plant for depreciation purposes under section 32 of the Income-tax Act, 1961, ruling in favor of the Revenue on this issue. Case-Laws Income Tax Thu, 21 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13788