4 results for “depreciation”+ Section 201(1)clear
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In the result, the appeal preferred by the assessee is partly
Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2013-14
201 ITR 674 (Kar) held that the Assessing Officer’s powers under the Section are not arbitrary and he must exercise his discretion and judgment judicially. CIT Vs. Surjeet Singh Mahesh Kumar (1994) 210 ITR 83 (All) held that in every case of Best Judgement, the element of guess work cannot be eliminated so long as best judgement