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In the result, the appeal of the assessee bearing ITA 192/Asr/2022 is dismissed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
2) opens with a non-obstante clause and spells out what expenses and payments are not deductible in certain circumstances. Section 41 elaborates conditions which apply with respect to certain deductions which are otherwise allowed in respect of loss, expenditure or trading liability etc. If we consider this scheme, Sections 40- 43B, are concerned with and enact different conditions, that