5 results for “depreciation”+ Section 31(1)clear
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Bench: Shri P.M. Jagtap, Vice- & Shri A.T. Varkey
31,770/-. Thereafter the assessee moved an application under section 154 on 20.03.2015 claiming that depreciation should have been allowed by the Assessing Officer separately from the income computed by applying the net profit rate and there was a mistake apparent from record in the order of the Assessing Officer passed under section