2 results for “depreciation”+ Section 207clear
Sorted by relevance
In the result, the appeal of the assessee is partly allowed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
depreciation if any income remains that income can only be taxed in the hands of the appellant, Further there was no justification in making such addition, as the id. r. AO is himself not sure that such income represents income of the appellant. The addition so made may therefore kindly be deleted. s. 8. Per Contra, Ld. DR strongly relied