Supreme Court · 1992 INSC 8 · Decided 15 January 1992
Saharanpur Electric Supply CO. LID. ETC. ETC. v. Commissioner of Income-Tax ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 1992 INSC 8 · [1992] 1 S.C.R. 117
- Case number
- CIVIL APPEAL No. 1861/1977
- Decided
- 15 January 1992
- Bench
- S. RANGANATHAN, N.D. OJHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 43, 43(6)
Headnote
Income Tax Act, 1961 : Section 43-Depreciation on service lines for Assessment Year 1962-63-Computation of-Written down value-Determi- nation of · B Interpretation of Statutes-Retrospective interpretation of a statute- C When arises. Under the Indian Income-tax Act, 1922, while computing to an allowance of depreciation at a percentage of the actual cost to the assessee or the written down value of the relevant asset owned by him, and used for the purposes of business. This Act was replaced by the Income-tax Act, 1961 • Under both the Acts, 'written down value' was defined
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