24 results for “depreciation”+ Section 132(4)clear
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In the result, appeal of the assessee is dismissed
Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm
132 of the Income Tax Act, 1961 (for short, ‘the Act’) were conducted on 26/09/2012 at the business premises of the assessee. During the course of such search and seizure operations, certain incriminating material was stated to have been found and seized. According to the Assessing Officer (for short, ‘AO’) the incriminating material, so seized, revealed that assessee had earned