S. 32 : Depreciation-Accessories entitled to higher rate of depreciation at 60 Per Cent.

S. 32 : Depreciation-Personal use-No log book maintained-Disallowance of 20 percent for personal use is held to be proper. [S. 38(2)]

S. 32 : Depreciation-Cost of construction and Land-Special Economic Zone-Perpetual Sub-lease for 95 years renewable for further 95 years-Nominal yearly ground rental of Re. 1-Stamp duty rate of proportionate Land during period of acquisition 35 Per Cent-Depreciation is allowable on balance consideration.

S. 32 : Depreciation-Foreign exchange loss-Loss disallowed as capital expenditure-Directed the Assessing Officer to pass consequential order allowing the depreciation.

S. 32 : Depreciation-Unabsorbed depreciation-Set-off-Disallowance was deleted. [S. 32(2)]

S. 32 : Depreciation-Option to claim depreciation-Opting not to claim depreciation at rates specified in Appendix 1a-Eligible to claim depreciation according to Rule 5(1) and not Rule (5a)-The Assessing Officer is directed to allow W.D.V of depreciation. [R. 5(1), (1a), Appex. 1,IA]

S. 32: Depreciation-Block of asset-Depreciation is allowable irrespective whether asset is used or not.[S. 2(11)]

S. 32 : Depreciation-Additional claim-Claim made by filing letter-Rejection of claim is not justified.

S. 32: Depreciation-Generation and distribution of power-Multiple units of Captive Power Plant-Adopting Straight Line Method-Accepted in previous and subsequent years-No change in facts-Directed to allow depreciation on Straight Line Method. [S. 32(1)(i)]

S. 32: Depreciation-Additional depreciation-Allowable only in the year of acquisition and installation-Capitalization of Foreign Exchange Loss incurred on acquisition of Plant and Machinery outside India-Additional cost capitalized not eligible for depreciation. [S. 32(1)(iia), 43A]