599 and 601 are in respect of the assessment year 1949 50 the other two are in respect of assessment year 1951 52.
On March 16, 1949, the Raj Pramukh of this newly formed State instituted the Saurashtra Income tax Ordinance, 1949.
599 600 of 1962 the assessee who has filed the appeals is the Mahalaxmi Mills Ltd., in the other two C. A. Nos.
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.
601 and 602 of 1962 the Master Silk Mills Ltd., is the appellant assessee.
In 1948 Bhavnagar along with other Indian States of Kathiawar formed themselves into a union by the name of United States of Kathiawar.
Later the name Kathiawar was changed to Saurashtra.
In two of these appeals C.A. Nos.
Appeals Nos.
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.
The companytroversy in all these cases is as regards the companyputation of written down value in calculating depreciation allowance.
Both the assessees had from before 1949 50 been carrying on business in Bhavnagar which was formerly an Indian State.
