Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1988 (12) TMI 92 - HC - Income Tax
Extract:
.......a deduction for depreciation based upon information gathered from the original return. In this view of the matter, the question arising in ITR No. 111 of 1976 is answered thus The Income-tax Officer had no power or jurisdiction, in the circumstances of the case, to ascertain and impose depreciation allowance upon the assessee. No order as to costs.