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2016 (11) TMI 894 - SUPREME COURT

2016 (11) TMI 894 - SUPREME COURT - [2016] 388 ITR 185 - Entitlement for depreciation under Section 44A(2) - Held that:- Admittedly, the proviso to Section 44AD of the Income Tax Act, 1961, is applicable to the appellant-assesse in view of the fact that its income for the assessment year in question, i.e. 2009-2010, is above ₹ 40,00,000/- (Rupees forty lakhs only). If that is so, the bar to the entitlement for depreciation under Section 44A(2) of the Act will not apply. Grant of depreciati .....

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ed:- 30-8-2016 - Ranjan Gogoi And Prafulla C. Pant, JJ. For the Petitioner : Mr. Pawanshree Agrawal, Adv For the Respondent : Mr. K. Radhakrishnan, Sr. Adv. Mr. H. Raghavendra Rao, Adv. Mr. Arijit Prasad, Adv. Ms. Mukti Choudhary, Adv. Mrs. Anil Katiyar,Adv. Mr. B. V. Balaram Das,Adv. CIVIL APPEAL NO(S).8738 OF 2016 (Arising out of S.L.P.(C)...CC No. 10169/2014) CIVIL APPEAL NO(S).8739 OF 2016 (Arising out of SLP(C) No.14325/2014) CIVIL APPEAL NO(S).8740 OF 2016 (Arising out of SLP(C) No.15210/2 .....

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