1988 (11) TMI 93

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Income Tax<br>Depreciation<br>Judge(s) : S. P. BHARUCHA., T. D. SUGLA JUDGMENT The judgment of the court was delivered by SUGLA J. -This reference at the instance of the Department raises the foll....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....fined in section 43(3) of the Income-tax Act, 1961, on which depreciation is properly allowable under section 32(1)(ii) of the said Act for each of the assessment years 1967-68 to 1970-71 both inclusi....