Claim of Excessive depreciation on building - the preponderance ...

Income Tax

December 5, 2019

Claim of Excessive depreciation on building - the preponderance of the probability suggests that raising of bogus bills by the subcontractors to the contactors and then routing back of the money in the form of the cash definitely must have been done on the direction of the assessee as assessee is the ultimate beneficiary by way of excess deduction of depreciation on the capital asset in the form of building. - Claim not allowed.

View Source

← Previous Next →

Claim of Excessive depreciation on building - the preponderance ...

Income Tax

December 5, 2019

You may also like:

Duty demand - Clandestine removal - Revenue has prima facie proved preponderance of probability is in their favour and it is a fit case where some pre-deposit has to be...

Taxability may be decided on the basis of probable normal human conduct, surrounding circumstances, preponderance of probabilities & legal propositions - ITAT

Disallowance of depreciation on building improvement - the assessee is not entitled to the claim of depreciation on such improvements to the land and building for more...

Allowance of depreciation - depreciation on toll road as building - ownership of the assets - depreciation allowed - AT

Dishonor of Cheque - insufficient fund - preponderance of probabilities - In view of such statements made by the complainant at the time of her cross-examination, there...

Disallowance of depreciation on guest house - assessee has claimed depreciation @ 10% on guest house, which is applicable to factory and office buildings - assessee had...

Dishonor of Cheque - Prosecution must prove the guilt of an accused beyond all reasonable doubt. The standard of proof so as to prove a defence on the part of an accused...

Reopening of assessment - bogus claim of depreciation - the assessee is guilty of fraud and has perpetuated fraud todefraud the revenue - no relief can be granted.

Depreciation - unless the expenditure incurred for construction of the building is treated as capital expenditure, the question of her claiming the benefit u/s 32(1A)...

Depreciation on Hotel Building including the cost of land - hotel building complex was purchased at consolidated value - Merely because the parties have not specified...

Quick Updates: