https://www.taxtmi.com/caselaws?id=60354 Depreciation under section 32 was denied on an energized tubewell because, although owned and used, it was not shown to be used for business or profession; the assessee's income was from house property and service charges. Interest paid for delayed municipal tax was also held nondeductible in computing annual value, as statutory interest for default is distinct from municipal tax and does not form part of the tax levied by a local authority. On the challenge to interest under sections 139(8) and 215, the appellate authority was required to hear and decide the ground on merits, and the matter was remitted for fresh adjudication. en-us Mon, 23 Jun 1986 00:00:00 +0530 Tue, 04 Jan 2011 17:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60354 Depreciation under section 32 was denied on an energized tubewell because, although owned and used, it was not shown to be used for business or profession; the assessee's income was from house property and service charges. Interest paid for delayed municipal tax was also held nondeductible in computing annual value, as statutory interest for default is distinct from municipal tax and does not form part of the tax levied by a local authority. On the challenge to interest under sections 139(8) and 215, the appellate authority was required to hear and decide the ground on merits, and the matter was remitted for fresh adjudication. Case-Laws Income Tax Mon, 23 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60354