2 results for “depreciation”+ Section 16clear
Sorted by relevance
Key Topics
16. One more aspect needs to be mentioned. In Sahney Steel and Press Works Ltd. this Court found that the assessee was free to use the money in its business entirely as it liked. It was not obliged to spend the money for a particular purpose. In Seaham Harbour Dock Co.² the assessee was obliged to spend the money