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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Permission to enhance the depreciation by revaluation of the ...


High Court Rules Assessing Officer Cannot Reassess Depreciation from Asset Revaluation u/s 115J of Income Tax Act.

November 30, 2016

Case Laws     Income Tax     HC

Permission to enhance the depreciation by revaluation of the assets upwards - whether assessee company has shown high depreciation in the Profit & Loss A/c during the year under consideration and defeated the provisions of Section 115J? - AO has not power to revisit - HC

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