Wealth-tax : Notional depreciation, i.e., neither claimed nor allowed, could not be taken into consideration for purpose of computing WDV of relevant asset as at year end

Wealth-tax : Notional depreciation, i.e., neither claimed nor allowed, could not be taken into consideration for purpose of computing WDV of relevant asset as at
year end

[2013] 30 taxmann.com 414 (Mumbai - Trib.)

IN THE ITAT MUMBAI BENCH 'WT'

Venus Records & Tapes (P.) Ltd.