Claim of depreciation beyond six years for the first time - ...

Depreciation Claims Beyond Six Years Not Allowed; No Legal Provision for Income Modification After This Period.

July 25, 2023

Case Laws Income Tax AT

Claim of depreciation beyond six years for the first time - There is no provision under law to make assessment of an assessee beyond six years. Therefore, claim made by the assessee beyond six years cannot be admitted, because, there is no provision under the law to modify the income of the assessee by the AO. - AT

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Claim of depreciation beyond six years for the first time - ...

Depreciation Claims Beyond Six Years Not Allowed; No Legal Provision for Income Modification After This Period.

July 25, 2023

Case Laws Income Tax AT

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