https://www.taxtmi.com/caselaws?id=34771 The judgment affirms the ITAT's decision to allow depreciation on the actual cost of germplasm seeds, rejecting the revenue's argument against the appellant's claim based on past non-claims. It clarifies the distinction between actual and notional allowances for depreciation, emphasizing the statutory privilege of claiming depreciation based on actual costs incurred by the assessee. en-us Fri, 09 Oct 2009 00:00:00 +0530 Fri, 01 Feb 2013 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34771 The judgment affirms the ITAT's decision to allow depreciation on the actual cost of germplasm seeds, rejecting the revenue's argument against the appellant's claim based on past non-claims. It clarifies the distinction between actual and notional allowances for depreciation, emphasizing the statutory privilege of claiming depreciation based on actual costs incurred by the assessee. Case-Laws Income Tax Fri, 09 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34771