Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1997 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (8) TMI 16 - HC - Income TaxExtract: ....... is concerned, the assessee claimed depreciation under section 32(1A) of the Income-tax Act, 1961. Inasmuch as the expenditure incurred by the assessee was held to be revenue expenditure, the question of allowing depreciation would not arise. Therefore, question No. 2 does not arise out of the order of the Tribunal. There will no order as to costs.
|