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1996 (8) TMI 34 - ANDHRA PRADESH HIGH COURT
Extract:
....... regarding depreciation. We may observe that sub-section (1) of section 34 was omitted by the Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1988, with effect from April 1, 1988. In the result, the reference is answered against the Revenue and in favour of the assessee. No costs. We thank Mr. A. V. Krishna Kaundinya for his assistance.