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Income Tax - Highlights / Catch Notes

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Additions u/s 41(1) qua write-back of certain creditors - ...


Section 41(1) Update: Write-back of Creditors Reduces Depreciation Claim; Depreciation Not a Loss or Liability.

April 27, 2017

Case Laws     Income Tax     AT

Additions u/s 41(1) qua write-back of certain creditors - resulting into less depreciation claim for the assessee - depreciation is neither a loss, nor an expenditure, nor a trading liability, referred to in s. 41(1). - AT

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