3 results for “depreciation”+ Section 211clear
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The appeals of the assessee are allowed in the terms indicated
Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena
section 44AD of the Act are not applicable over the assessee's case. D, That without prejudice to the foregoing grounds, in the alternative :- a) the authorities below could not justify the adoption of 8% net profit rate in the type of business carried on by the assessee, without quoting any comparable case or without assigning any logical or rational