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2005 (12) TMI 77 - PUNJAB AND HARYANA HIGH COURTDepreciation - "Whether, Tribunal was right in law in separately allowing depreciation to the assessee when the net profit rate at 8 per cent. was adopted thereby deeming that the deductions under sections 30 to 38 have already been given full effect?" – only issue before the Tribunal was that when a net profit rate is applied because of non-maintenance of proper books of account, the assessee is still entitled to claim other business expenses, like salary, interest and depreciation, etc. – since it has been specifically noted that the audit accounts along with the audit report, balance-sheet, profit and loss account, fixed assets and depreciation chart, as prescribed, had been filed with the Department, no question of law, much less a substantial question of law, survives for our consideration. – revenue’s appeal dismissed
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