https://www.taxtmi.com/caselaws?id=49419 The High Court affirmed that the written down value for depreciation allowance must be computed by deducting depreciation that "would have been allowed" under the Indian Income-tax Act, 1922, even if not claimed. Additionally, depreciation availed under the Bhavnagar War Profits Act was held to be deductible in computing the written down value for the assessment year 1951-52. All appeals were dismissed with costs, and the High Court's decisions on both issues were upheld. en-us Wed, 23 Oct 1963 00:00:00 +0530 Mon, 25 Aug 2014 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49419 The High Court affirmed that the written down value for depreciation allowance must be computed by deducting depreciation that "would have been allowed" under the Indian Income-tax Act, 1922, even if not claimed. Additionally, depreciation availed under the Bhavnagar War Profits Act was held to be deductible in computing the written down value for the assessment year 1951-52. All appeals were dismissed with costs, and the High Court's decisions on both issues were upheld. Case-Laws Income Tax Wed, 23 Oct 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49419