6 results for “depreciation”+ Section 249(4)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
4 of the Act and hence not at all chargeable under the Act. The receipt which is neither “Profit” nor “Income” and which does not have any element thereof embedded therein, cannot be the part of the profit as per the profit and loss account prepared in terms of Part II of Schedule VI to the Companies