https://www.taxtmi.com/caselaws?id=26566 Depreciation under section 32(1)(ii) was barred where the same plant and machinery had already been fully deducted under section 35 in earlier years. The retrospective amendment to section 35(2)(iv) from 1 April 1962 expressly prevented a further depreciation claim on assets for which a deduction had already been allowed under section 35 in any previous year. As the assets had admittedly received full scientific research deduction earlier, the later depreciation claim on those very assets was not allowable, and the issue was answered in favour of the Revenue. en-us Tue, 24 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 10:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26566 Depreciation under section 32(1)(ii) was barred where the same plant and machinery had already been fully deducted under section 35 in earlier years. The retrospective amendment to section 35(2)(iv) from 1 April 1962 expressly prevented a further depreciation claim on assets for which a deduction had already been allowed under section 35 in any previous year. As the assets had admittedly received full scientific research deduction earlier, the later depreciation claim on those very assets was not allowable, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Tue, 24 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26566