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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Disallowance of depreciation u/s 32 in respect of compensation ...


Depreciation Disallowance Unjustified for Non-TDS Deduction u/s 32; Claim Valid u/s 40(a)(ia.

October 23, 2015

Case Laws     Income Tax     AT

Disallowance of depreciation u/s 32 in respect of compensation received - Such a claim cannot be disallowed merely on the ground that assessee had not deducted TDS and therefore is to be disallowed u/s 40(a)(ia). - AT

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