that the assessee was not entitled to depre
ciation allowance and additional depreciation allowance in respect of the
assets with effect from January ... holding that the assessee was not entitled to depreciation allowance and additional depreciation allowance in respect of the labour houses constructed by the assessee during
assets for the purpose of allowing depreciation and investment allowance and additional depreciation ?"
7. The above question has been referred
Assessee-company included the additional liability and on the additional cost also depreciation was claimed under section 32 of the Act. According to the assessing ... that the intention of the legislature was only to allow depreciation on the additional cost 'incurred' due to exchange rate fluctuation. In other
holding that tractors used as agricultural machinery is entitled to additional depreciation ?
2. Whether, on the facts and in the circumstances of the case ... holding that tractors used as agricultural machinery would be entitled to additional depreciation and investment allowance as well.
4. The reference is answered accordingly
computation of depreciation provided in s. 205(2) of the Companies Act. The company continued to compute the amount of depreciation as per the method ... Provisions for depreciation in respect of extra or multiple shift allowance". However, in the present case, the entire amount of additional liability on account
sale, by which the appellant would get additional benefit in the form of full depreciation. This is a colourable device for availing undue benefits under ... sale by which the assessee would get additional benefit in the form of full depreciation. From the perusal of the orders of the learned first
Depreciation for separate consideration
2,50,572
(b) Additional income disclosed under section 132(4)
1 , 70 ,000
(c) Donation
36,411
(d) Estimated amount ... expenses on house
3,600
4,67,783
13,19,605
Less : Depreciation allowable under Income Tax Rules
2,50,572
Gross Total
first proviso, cl. (b) in the section, the unabsorbed depreciation is not part and parcel of business loss.
The Division Bench of Kerala High Court ... part of the company, to provide for the arrears of depreciation (in respect of additional shifts in view of Schedule XIV to the Companies
filed its return of income claiming depreciation on tea bushes treating them to be plant and claimed depreciation permissible under Section ... income
computed without allowing the claim for depreciation made by the petitioner in respect of the additional value of the plant. The petitioner has questioned
filed its return of income claiming depreciation on tea bushes treating them to be plants and claimed depreciation permissible under section ... income computed without allowing the claim for depreciation made by the petitioner in respect of additional value of the plant. The petitioner has questioned
