The following three questions at the instance of the assessee really survive for companysideration in this appeal, out of the four questions referred to in the judgment of the High Court see 1989 179 ITR 580, 583 Cal Whether, on the facts and in the circumstances of the case and having regard to the fact that the assessee is a sterling companypany maintaining accounts in pound sterling, the Tribunal was right in holding that for the purpose of companyputation of the admissible amounts of depreciation under Section 32 l iii and or development rebate and profit under Section 41 2 of the Act for the assessment years 1968 69 and 1969 70, the written down value of the fixed assets should be determined number in pound sterling, but in equivalent amount of rupees ?
Whether, on the facts and in the circumstances of the case, a revision of the written down value of the assets companyprising service lines acquired prior to April 1, 1961, which written down value had been companyrectly arrived at under the Indian Income tax Act, 1922, was required for the assessment years 1968 69 and 1969 70 by virtue of the definition of actual companyt introduced by the Income tax Act, 1961, with effect from the assessment year 1962 63 ?
14,64,130 granted by him in the original assessment for the assessment year 1968 69 and Rs.
12,09,093 for the assessment year 1969 70 ?
Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the Income tax Officer was justified in withdrawing the interest of Rs.
