https://www.taxtmi.com/caselaws?id=49522 The Supreme Court held that the notification of 1956 adding the Explanation to the Removal of Difficulties Order, 1950, was valid under section 12 of the Finance Act, 1950. The Explanation was deemed necessary to harmonize the depreciation allowance scheme under the Indian Income-tax Act. The Court ruled that the Explanation applied to the assessment year 1951-52 and did not contravene Article 14 of the Constitution. The appeal was allowed, setting aside the High Court's judgment, with no order for costs in the Supreme Court. en-us Tue, 08 Nov 1960 00:00:00 +0530 Wed, 18 Mar 2015 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49522 The Supreme Court held that the notification of 1956 adding the Explanation to the Removal of Difficulties Order, 1950, was valid under section 12 of the Finance Act, 1950. The Explanation was deemed necessary to harmonize the depreciation allowance scheme under the Indian Income-tax Act. The Court ruled that the Explanation applied to the assessment year 1951-52 and did not contravene Article 14 of the Constitution. The appeal was allowed, setting aside the High Court's judgment, with no order for costs in the Supreme Court. Case-Laws Income Tax Tue, 08 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49522