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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Depreciation - -Notwithstanding adverse law and order situation, ...


Deduction for Depreciation Allowed Despite Losses from Uncontrollable Adverse Situations in Affected State.

November 11, 2011

Case Laws     Income Tax     HC

Depreciation - -Notwithstanding adverse law and order situation, the assessee did not abandon its business but suffered loss for such a state of affairs prevailing in that State over which he had no control with an expectation of resuming the business - deduction allowed..... - HC

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