https://www.taxtmi.com/caselaws?id=49617 Depreciation under section 10(2)(vi) is computed on the assessee's original cost, but the Tribunal could not, on conjecture, ignore the conveyance and reallocate the stated consideration by treating part of it as payment for an asset not described in the deed. That dispute concerned the Tribunal's power to go behind the apparent terms of the sale deed and substitute its own valuation, which raised a question of law. The Supreme Court held that such a legal question did arise and that the Tribunal should have referred the matter to the High Court. en-us Mon, 02 Mar 1959 00:00:00 +0530 Thu, 04 Sep 2014 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49617 Depreciation under section 10(2)(vi) is computed on the assessee's original cost, but the Tribunal could not, on conjecture, ignore the conveyance and reallocate the stated consideration by treating part of it as payment for an asset not described in the deed. That dispute concerned the Tribunal's power to go behind the apparent terms of the sale deed and substitute its own valuation, which raised a question of law. The Supreme Court held that such a legal question did arise and that the Tribunal should have referred the matter to the High Court. Case-Laws Income Tax Mon, 02 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49617