Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (7) TMI 85 - DELHI HIGH COURTExtract: .......alt with the amount to be debited to the profit and loss account. Obviously, what was debited to the profit and loss account as depreciation and hire charges was the determinative factor. In that view of the matter, our answer to the question is in the affirmative, in favour of the assessee and against the Revenue. The reference stands disposed of.
|