Claim of Excessive depreciation on building - the preponderance ...

Case Laws Income Tax

December 5, 2019

Claim of Excessive depreciation on building - the preponderance of the probability suggests that raising of bogus bills by the subcontractors to the contactors and then routing back of the money in the form of the cash definitely must have been done on the direction of the assessee as assessee is the ultimate beneficiary by way of excess deduction of depreciation on the capital asset in the form of building. - Claim not allowed.

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Claim of Excessive depreciation on building - the preponderance ...

Case Laws Income Tax

December 5, 2019

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