https://www.taxtmi.com/caselaws?id=49237 The phrase "all depreciation actually allowed" in the Merged States Removal of Difficulties Order was interpreted to mean depreciation in fact granted and given effect to; it could not be stretched to include notional or deemed depreciation without an express deeming fiction. The 1962 amendment to that Order was treated as retrospective, and a pending tax reference had to be decided under the amended law where the reference was broad enough to cover it. On that basis, the amended explanation applied to the assessee and the written down value was required to be computed under the Revenue's method. en-us Fri, 03 Dec 1965 00:00:00 +0530 Mon, 18 Aug 2014 21:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49237 The phrase "all depreciation actually allowed" in the Merged States Removal of Difficulties Order was interpreted to mean depreciation in fact granted and given effect to; it could not be stretched to include notional or deemed depreciation without an express deeming fiction. The 1962 amendment to that Order was treated as retrospective, and a pending tax reference had to be decided under the amended law where the reference was broad enough to cover it. On that basis, the amended explanation applied to the assessee and the written down value was required to be computed under the Revenue's method. Case-Laws Income Tax Fri, 03 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49237