56 results for “depreciation”+ Section 40A(9)clear
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In the result, the appeal filed by the Revenue is rejected
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
depreciation @ 9% of turnover declared by the assessee in the return of income; without appreciating the facts that the assessee did not produce documentary evidences in support of genuineness of claim of site charges/labour charges and that he has not appreciated the facts that the assessee had violated provisions of section 40A