https://www.taxtmi.com/caselaws?id=16402 For computing profits under section 41(2) of the Income-tax Act, depreciation allowed to a firm before its reconstitution on a partner's death is not to be clubbed with depreciation allowed to the newly constituted firm. The relevant deductions are confined to those granted to the assessee-firm in its own hands. On that basis, the depreciation allowed to the erstwhile firm was excluded from the computation, and the question was answered against the Revenue. en-us Thu, 25 Jul 1996 00:00:00 +0530 Mon, 07 Sep 2009 15:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16402 For computing profits under section 41(2) of the Income-tax Act, depreciation allowed to a firm before its reconstitution on a partner's death is not to be clubbed with depreciation allowed to the newly constituted firm. The relevant deductions are confined to those granted to the assessee-firm in its own hands. On that basis, the depreciation allowed to the erstwhile firm was excluded from the computation, and the question was answered against the Revenue. Case-Laws Income Tax Thu, 25 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16402