4 results for “depreciation”+ Unexplained Moneyclear
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Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay
depreciation will be allowed. In the present case, to the extent of the expenditure incurred for construction of the building, out of unexplained source is concerned, it is to be construed as income earned from the business and it will take character of the business income. The case law relied upon by the Ld. CIT(A) is distinguishable