504 results for “depreciation”+ Section 37(4)clear
Sorted by relevance
Key Topics
Showing 1–20 of 504 · Page 1 of 26
Bench: Shri M. Balaganesh, Am & Shri Partha Sarathi Chaudhury, Jm]
4. Ground no. 1 relating to depreciation on plant and machinery which were put to use less than 180 days during the said financial year. During the previous assessment year (2006- 07) the assessee claimed 50% of depreciation and it was allowed. Now for the year under consideration, the assessee claimed further 10% depreciation to the extent of Rs.20