4 results for “depreciation”+ Section 88Eclear
Sorted by relevance
Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]
depreciation etc. were claimed by the assessee exclusively against the brokerage income and on perusal of detail, the AO was not satisfied that the expenses both direct and indirect have been allocated on the basis of turnover whereas they ought to have been allocated on the basis of income arising from such turnover because the provision of section 88E