https://www.taxtmi.com/caselaws?id=20733 The court ruled against the assessee, determining that depreciation on scientific research and development equipment was not permissible due to an amended provision under the Income-tax Act, 1961. The Tribunal's decision to allow depreciation was deemed incorrect as the specific amendment precluded depreciation claims once a deduction was granted under section 35. The court sided with the Revenue, concluding that the assessee was not entitled to depreciation benefits for the equipment in question. Judges D. M. Patnaik and Arijit Pasayat concurred with the judgment, and the references were disposed of without costs. en-us Fri, 08 Jan 1993 00:00:00 +0530 Mon, 16 Nov 2009 18:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20733 The court ruled against the assessee, determining that depreciation on scientific research and development equipment was not permissible due to an amended provision under the Income-tax Act, 1961. The Tribunal's decision to allow depreciation was deemed incorrect as the specific amendment precluded depreciation claims once a deduction was granted under section 35. The court sided with the Revenue, concluding that the assessee was not entitled to depreciation benefits for the equipment in question. Judges D. M. Patnaik and Arijit Pasayat concurred with the judgment, and the references were disposed of without costs. Case-Laws Income Tax Fri, 08 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20733