https://www.taxtmi.com/caselaws?id=21586 Depreciation on a motor car acquired before the previous year had to be computed on its actual cost where no depreciation had been claimed or allowed in earlier years. Under the Agricultural Income-tax Act, the written down value for such assets is based on actual cost less any prescribed reduction, and Rule 13 could not displace that statutory basis on the facts. Because no prior depreciation was in fact claimed or allowed, and no valid prescription justified a different computation, the actual cost remained the proper base for depreciation. en-us Wed, 28 Aug 1991 00:00:00 +0530 Wed, 25 Nov 2009 15:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21586 Depreciation on a motor car acquired before the previous year had to be computed on its actual cost where no depreciation had been claimed or allowed in earlier years. Under the Agricultural Income-tax Act, the written down value for such assets is based on actual cost less any prescribed reduction, and Rule 13 could not displace that statutory basis on the facts. Because no prior depreciation was in fact claimed or allowed, and no valid prescription justified a different computation, the actual cost remained the proper base for depreciation. Case-Laws Income Tax Wed, 28 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21586