5 results for “depreciation”+ Block Assessmentclear
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Bench: Shri B. R. Baskaran & Shri Sandeep Gosain
Assessing Officer in this regard. Since the interest expenditure has been disallowed in both the years only on the reasoning that the assessee has not availed loan from the above said society and if the AO is satisfied that the assessee has taken loan, then the question of disallowing interest expenditure will not arise