https://www.taxtmi.com/caselaws?id=27985 The Tribunal found no dissolution of the firm on September 30, 1964, but rather a reconstitution. As a result, the assessee could only claim depreciation on the written down value of Rs. 14,61,721.95, not the revalued amount of Rs. 33,50,000. The High Court affirmed this decision, ruling against the assessee and ordering them to pay the costs of the Revenue. en-us Wed, 25 Jan 1984 00:00:00 +0530 Wed, 17 Feb 2010 12:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27985 The Tribunal found no dissolution of the firm on September 30, 1964, but rather a reconstitution. As a result, the assessee could only claim depreciation on the written down value of Rs. 14,61,721.95, not the revalued amount of Rs. 33,50,000. The High Court affirmed this decision, ruling against the assessee and ordering them to pay the costs of the Revenue. Case-Laws Income Tax Wed, 25 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27985