6 results for “depreciation”+ Section 194Iclear
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In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes
Bench: Shri Sanjay Arora & Shri Manomohan Das
depreciation, royalty etc. This expenditure is excessive in view of its proportion to the total expenditure debited. Therefore, 25% of Rs. 25,05,586/- ie. Rs. 6,26,396/-is disallowed u/s.40A(2)(a), treating it as excessive within the meaning of section mentioned. It is also to be noted that similar disallowance was made in the A.Y.2002-03