https://www.taxtmi.com/caselaws?id=15936 The High Court ruled in favor of the assessee, holding that the conditions imposed by the Income-tax Officer for changing the previous year were invalid. The assessee was entitled to claim the full amount of depreciation as permitted by law, despite the initial restrictions imposed by the Officer. The court emphasized that statutory deductions cannot be curtailed without legal basis and reiterated that any conditions imposed on changing the previous year must be valid, legal, and reasonable. The court upheld the Tribunal's decision, answering both legal questions in favor of the assessee and against the Revenue. en-us Wed, 24 Dec 1997 00:00:00 +0530 Mon, 31 Aug 2009 10:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15936 The High Court ruled in favor of the assessee, holding that the conditions imposed by the Income-tax Officer for changing the previous year were invalid. The assessee was entitled to claim the full amount of depreciation as permitted by law, despite the initial restrictions imposed by the Officer. The court emphasized that statutory deductions cannot be curtailed without legal basis and reiterated that any conditions imposed on changing the previous year must be valid, legal, and reasonable. The court upheld the Tribunal's decision, answering both legal questions in favor of the assessee and against the Revenue. Case-Laws Income Tax Wed, 24 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15936