https://www.taxtmi.com/caselaws?id=22527 Depreciation on plant, machinery and building used for a research laboratory could not be denied merely because deduction had earlier been allowed under section 35 of the Income-tax Act, 1961. The legal position turned on the retrospective amendment to section 35; proceeding on the basis that the retrospective element had already been held invalid, the HC treated the earlier research allowance as no bar to depreciation. On that footing, the assessee remained entitled to depreciation allowance, and the reference was answered in favour of the assessee. en-us Tue, 26 Mar 1991 00:00:00 +0530 Fri, 11 Dec 2009 10:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22527 Depreciation on plant, machinery and building used for a research laboratory could not be denied merely because deduction had earlier been allowed under section 35 of the Income-tax Act, 1961. The legal position turned on the retrospective amendment to section 35; proceeding on the basis that the retrospective element had already been held invalid, the HC treated the earlier research allowance as no bar to depreciation. On that footing, the assessee remained entitled to depreciation allowance, and the reference was answered in favour of the assessee. Case-Laws Income Tax Tue, 26 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22527