The assessee under consideration has one truck only and the same ...

Single Truck Used for Business Depreciation Benefits; Section 44AE Presumptive Income Not Applicable Due to Non-Rental Use.

October 6, 2016

Case Laws Income Tax AT

The assessee under consideration has one truck only and the same was being used for purpose of business, hence depreciation should be allowed to the assessee - since the truck are not used for renting, provisions of presumptive income U/s 44AE not applicable - AT

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The assessee under consideration has one truck only and the same ...

Single Truck Used for Business Depreciation Benefits; Section 44AE Presumptive Income Not Applicable Due to Non-Rental Use.

October 6, 2016

Case Laws Income Tax AT

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