https://www.taxtmi.com/caselaws?id=36411 The court affirmed the Tribunal's decision, ruling in favor of the non-resident shipping company, allowing depreciation allowance for ships acquired more than twenty years ago due to the exclusion of war years. The court emphasized that CBDT instructions cannot override statutory provisions. Each party was ordered to bear its own costs. en-us Mon, 28 Apr 1980 00:00:00 +0530 Mon, 22 Mar 2010 11:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36411 The court affirmed the Tribunal's decision, ruling in favor of the non-resident shipping company, allowing depreciation allowance for ships acquired more than twenty years ago due to the exclusion of war years. The court emphasized that CBDT instructions cannot override statutory provisions. Each party was ordered to bear its own costs. Case-Laws Income Tax Mon, 28 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36411