https://www.taxtmi.com/caselaws?id=33012 The High Court of GAUHATI upheld the decision of the Appellate Tribunal regarding the computation of the written down value of depreciable assets used in a tea business. The Court ruled that only 40 percent of the depreciation actually allowed at the prescribed rate should be deducted for determining the written down value. The appeals were dismissed in favor of the respondent, providing a detailed analysis of relevant provisions and precedents in reaching this decision. en-us Wed, 22 Nov 2006 00:00:00 +0530 Mon, 13 Jun 2011 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33012 The High Court of GAUHATI upheld the decision of the Appellate Tribunal regarding the computation of the written down value of depreciable assets used in a tea business. The Court ruled that only 40 percent of the depreciation actually allowed at the prescribed rate should be deducted for determining the written down value. The appeals were dismissed in favor of the respondent, providing a detailed analysis of relevant provisions and precedents in reaching this decision. Case-Laws Income Tax Wed, 22 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33012