Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (5) TMI 79 - GUJARAT HIGH COURTChange in previous year - Tribunal allowed the assessee's claim for depreciation and investment allowance at the higher rate on proportionate basis for the period 3.11.86 to 31.3.88 – previous year longer than 12 months - Revenue pointed out that the Proviso u/r 5(1) has been deleted w.e.f. 2.4.87, so claim can’t be allowed for the full period of 17 months – depreciation should be given for the full period - issue is required to be decided by the Tribunal afresh
|