https://www.taxtmi.com/caselaws?id=15627 An amendment to the Income-tax (Fourth Amendment) Rules, 1983 changing the rate of depreciation was held to be substantive, not merely procedural, and therefore applicable only if in force on the first day of the assessment year. Since the amendment took effect after the commencement of assessment year 1983-84, it could not govern the assessees' assessments for that year. The legal position applied was that assessment is governed by the law in force at the start of the assessment year, so the amendment did not apply to assessment year 1983-84 and the issue was decided in favour of the Revenue. en-us Thu, 23 Apr 1998 00:00:00 +0530 Wed, 26 Aug 2009 15:08:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15627 An amendment to the Income-tax (Fourth Amendment) Rules, 1983 changing the rate of depreciation was held to be substantive, not merely procedural, and therefore applicable only if in force on the first day of the assessment year. Since the amendment took effect after the commencement of assessment year 1983-84, it could not govern the assessees' assessments for that year. The legal position applied was that assessment is governed by the law in force at the start of the assessment year, so the amendment did not apply to assessment year 1983-84 and the issue was decided in favour of the Revenue. Case-Laws Income Tax Thu, 23 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15627