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1994 (1) TMI 82 - HC - Income Tax
Extract:
.......t and machinery in question were not actually used for the purposes of business, no depreciation is admissible to the assessee under sub-section (1) of section 32. In that view of the matter, we answer the question referred in this case in the negative and in favour of the Revenue. There will be no order as to costs. NURE ALAM CHOWDHURY J.-I agree.