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2014 (1) TMI 1768 - AT - Income TaxAllowance of depreciation on the written down value (WDV) as being carried over - Held that:- The depreciation on goodwill having been in fact allowed by the Revenue for A.Ys. 2000-01 and 2002-03, as also the subsequent years. In view of the foregoing; there being no finding that the said asset/s has been removed from the relevant block of assets, we have no hesitation in following the said decision for the current year as well. Accordingly, the assessee’s claim merits being upheld. Genuineness of expenses - Disallowance u/s. 40(a) - Held that:- the assessee, apart from a debit note, which is not legible at all, could hardly furnish any material or evidence with regard to the rendering of the services, i.e., as was the case before the Revenue authorities. The ld. AR also conceded before us to no material being available with the assessee to establish the rendering of the relevant services, which though is rendered of no consequence in the facts of the case. - Expenses not allowed.
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