Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (6) TMI 1000 - AT - Income TaxExtract: .......tention. Hence, we are of the opinion that the assessee has to succeed in these appeals. Depreciation has to be considered for the purpose of calculating the income of the assessee even under Sections 11 and 12 of the Act. 7. In the result, both the appeals filed by the assessee are allowed. The order was pronounced in the Court on 24th June, 2011.
|