Disallowance of depreciation claim - assessee has not carried ...

Income Tax

April 17, 2023

Disallowance of depreciation claim - assessee has not carried out any business activity - The case of the assessee that the assets are kept ready for use and it was expecting only favourable market situation. It is also submitted that the assessee has maintained its business establishment and was generating other types of income, besides servicing loan taken for business purposes. - claim of depreciation allowed - AT

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Disallowance of depreciation claim - assessee has not carried ...

Income Tax

April 17, 2023

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