When the assessee was not required to compute profits and gains ...

Court Rules Depreciation Entry in Books Not Considered "Actually Allowed" for Tax Purposes Under Income Tax Act.

May 21, 2014

Case Laws     Income Tax     AT

When the assessee was not required to compute profits and gains of business or profession under the Income Tax Act, mere passing of accounting entry made for depreciation in the books of accounts was not the depreciation “actually allowed” - AT

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