72 results for “depreciation”+ Section 40A(3)clear
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In the result, the appeal of the assessee is allowed
Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.2491/Pun/2016 िनधा$रण वष$ / Assessment Year : 2012-13
40A(3) can be made even though the income is assessed under section 44AD of the Act. 5. On the basis of facts and in the circumstances of the case and as per law, the Commissioner of Income Tax, (Appeals)-I, Nashik, is not justified in confirming the adhoc disallowance to the extent