3 results for “depreciation”+ Section 208clear
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In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
208 Taxman 106 (Delhi). The explanation of the Authorised Representative is considered and found not acceptable for the following reasons : (i) It is seen that the assessee purchased shares of Sesa Goa Ltd. of Rs.362,32,20,410/- and sold the same for Rs.554,23,19,978/-. The purchase and sale are done within a short period. The magnitude