5 results for “depreciation”+ Section 249(2)clear
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In the result, appeal for the assessment year 2018–19 filed by the assessee is partly allowed
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
depreciable. The above reduction has been accepted by the AO as well as CIT(A) in their respective orders and accordingly, the same is not under dispute. Further, it is pertinent to mention here that AO himself has reduced the subsidy from the cost of the assets u/s 43(1) while passing the order