Claim of depreciation on leased assets i.e. milk cans - it is ...

Depreciation Claim on Leased Milk Cans Disallowed Due to Circular Transaction, Claim Deemed a Colorable Device.

September 29, 2018

Case Laws Income Tax AT

Claim of depreciation on leased assets i.e. milk cans - it is established by the revenue that purchase consideration was routed back, hence, the entire claim proved to be a colourable device - the claim of the assessee is devoid of any merit

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Claim of depreciation on leased assets i.e. milk cans - it is ...

Depreciation Claim on Leased Milk Cans Disallowed Due to Circular Transaction, Claim Deemed a Colorable Device.

September 29, 2018

Case Laws Income Tax AT

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