https://www.taxtmi.com/caselaws?id=57796 In block assessment proceedings under Chapter XIV-B, depreciation otherwise admissible under the Income-tax Act, 1961 remains claimable unless expressly excluded, because that chapter does not displace the general provisions of the Act except to the extent specifically provided. The assessee was found to be carrying on business, so the Revenue's objection that no business income was involved did not hold. On that basis, current depreciation for the block period was allowed notwithstanding the absence of the claim in earlier regular returns, and the disallowance was not sustained. en-us Fri, 13 Jan 2006 00:00:00 +0530 Fri, 27 Jul 2012 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57796 In block assessment proceedings under Chapter XIV-B, depreciation otherwise admissible under the Income-tax Act, 1961 remains claimable unless expressly excluded, because that chapter does not displace the general provisions of the Act except to the extent specifically provided. The assessee was found to be carrying on business, so the Revenue's objection that no business income was involved did not hold. On that basis, current depreciation for the block period was allowed notwithstanding the absence of the claim in earlier regular returns, and the disallowance was not sustained. Case-Laws Income Tax Fri, 13 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57796