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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

CIT(A) rightly observed that mere quantification and ...


CIT(A) confirms asset classification doesn't block depreciation claims; assets in use since 2008 verified by South Central Railways.

February 25, 2019

Case Laws     Income Tax     AT

CIT(A) rightly observed that mere quantification and classification in accounts cannot deter assessee from claiming depreciation when factually the assets has been put to use since 2008, as per the account statement rendered by South Central Railways.

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