45 results for “depreciation”+ Section 79clear
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In the result, as I am in concurrence with conclusion and reasoning given in rest part of the order dated 12
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. Nos. 100 & 101/Asr/2014 Assessment Years: 2007-08 & 2009-10
79,61,814/- in cash in apparent contravention of section 40A(3) of the Act. The assessee’s claim of the places where the payments in cash were made, which were predominantly as salary to its employees (Rs.160.19 lacs), were not serviced by banks, so that its case would fall within the one of the excepting clauses of rule