https://www.taxtmi.com/caselaws?id=26682 For depreciation under the 1950-51 assessment, the written down value was to be computed by deducting only the depreciation actually allowed in earlier assessments, meaning depreciation that had actually entered into the computation of taxable income under the Indian Income-tax Act, 1922; the issue was answered in favour of the assessee. Paragraph 2 of the Taxation Laws (Part B States) (Removal of Difficulties) Order, 1950, was held not to be attracted on the facts, as the matter was already governed by the binding construction in the assessee's own case; that issue was answered against the Revenue. en-us Thu, 05 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 17:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26682 For depreciation under the 1950-51 assessment, the written down value was to be computed by deducting only the depreciation actually allowed in earlier assessments, meaning depreciation that had actually entered into the computation of taxable income under the Indian Income-tax Act, 1922; the issue was answered in favour of the assessee. Paragraph 2 of the Taxation Laws (Part B States) (Removal of Difficulties) Order, 1950, was held not to be attracted on the facts, as the matter was already governed by the binding construction in the assessee's own case; that issue was answered against the Revenue. Case-Laws Income Tax Thu, 05 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26682