https://www.taxtmi.com/caselaws?id=17645 Foreign tax deducted at source on dividend and interest income received from the United Kingdom was not includible in total income where the governing precedent treated the deducted amount as of assessment. The retrospective amendment to section 43(3), excluding livestock from the definition of "plant", also meant stallions and mares could not be treated as plant for depreciation purposes under section 32. The article therefore notes two rules: foreign tax deducted abroad does not form part of taxable total income on the stated footing, and livestock is excluded from plant after the statutory amendment. en-us Wed, 10 Jul 1996 00:00:00 +0530 Wed, 23 Sep 2009 18:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17645 Foreign tax deducted at source on dividend and interest income received from the United Kingdom was not includible in total income where the governing precedent treated the deducted amount as of assessment. The retrospective amendment to section 43(3), excluding livestock from the definition of "plant", also meant stallions and mares could not be treated as plant for depreciation purposes under section 32. The article therefore notes two rules: foreign tax deducted abroad does not form part of taxable total income on the stated footing, and livestock is excluded from plant after the statutory amendment. Case-Laws Income Tax Wed, 10 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17645