Any device adopted to reduce or inflate the profits of eligible ...

Court Denies 100% Deduction Attempt; Manipulating Business Profits with Deferred Depreciation Ruled Unacceptable.

October 10, 2017

Case Laws Income Tax SC

Any device adopted to reduce or inflate the profits of eligible business has to be rejected. The assessees/appellants want 100% deduction, without taking into consideration depreciation which they want to utilise in the subsequent years - Not permitted - SC

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Any device adopted to reduce or inflate the profits of eligible ...

Court Denies 100% Deduction Attempt; Manipulating Business Profits with Deferred Depreciation Ruled Unacceptable.

October 10, 2017

Case Laws Income Tax SC

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