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Section 284 Section 43(1)2

MOTOR MACHINERUY TOOLS,PATNA vs. ACIT, CIRCLE-5, PATNA

In the result, the appeal filed by the assessee is partly allowed

ITA 39/PAT/2020[2011-12]Status: DisposedITAT Patna09 Sept 2021AY 2011-12

Bench: Shri P.M. Jagtap, Vice-(Kz)]

Section 250Section 28Section 43(1)

253/- and after reducing the incentive of Rs. 4.08 lakhs received from M/s. Usha International Ltd. from the cost of acquisition, the balance amount was reflected in the balance sheet on which depreciation was claimed by the assessee. He has contended that this accounting treatment was duly given by the assessee as per Explanation 10 to Section