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 65 - HC - Income TaxExtract: .......s court should be upheld and the finding of the Tribunal is not correct. We hold that since both the trucks in question were not used in the accounting year or part thereof, therefore, no depreciation allowance would be applicable to the assessee in the present case. Hence, the question is answered in favour of the Revenue and against the assessee.
|