5 results for “depreciation”+ Section 65(1)clear
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In the result, the appeal of the assessee is partly allowed
Bench: Shri R.K. Panda & Shri V.P. Raoassessment Years: 2016-17
section 37 (1) of the act. Now it needs to be examined, whether the Assessee has incurred expenditure for the purposes of its business or not. The Assessee has stated that it has incurred such expenditure having regard to its standard of operation and the quality of execution work, safety of its employees in the environment. These expenses are required