17,21,041 and in the case of the Master Silk Mills Ltd., the appellant in C.A. No.
On March 16, 1949, the Raj Pramukh of this newly formed State instituted the Saurashtra Income tax Ordinance, 1949.
599 602 of 1962.
Appeals from the judgment and order dated April 7, 8, 1960 of the Bombay High Court in Income Tax Reference Nos.
D. Karkhanis and R. N. Sachthey, for the respondent In all the Appeals .
J. Kolah, Ravinder Narain, J. B. Dadachanji and O. C. Mathur for the appellants In all the Appeals .
In 1948 Bhavnagar along with other Indian States of Kathiawar formed themselves into a union by the name of United States of Kathiawar.
In assessing the profits of business by the two appellant companies for the year 1949 50 the Income tax Officer had therefore to proceed in accordance with the provisions of this Ordinance.
70 and 71 of 1956.
Appeals Nos.
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
599 and 601 are in respect of the assessment year 1949 50 the other two are in respect of assessment year 1951 52.
In two of these appeals C.A. Nos.
The Judgment of the Court was delivered by DAS GUPTA J. The assessee is the appellant in each of these four appeals arising out of four references under s. 66 1 of the Indian Income tax Act to the High Court of Bombay.
Later the name Kathiawar was changed to Saurashtra.
The companytroversy in all these cases is as regards the companyputation of written down value in calculating depreciation allowance.
599 600 of 1962 the assessee who has filed the appeals is the Mahalaxmi Mills Ltd., in the other two C.A. Nos.
599/62, was companyputed as Rs.
Both the assessees bad from before 1949 50 been carrying on business in Bhavnagar which was formerly an Indian State.
601 and 602 of 1962 the Master Silk Mills Ltd., is the appellant assessee.
