5 results for “depreciation”+ Section 147clear
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Appeal is allowed and
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
147. Income escaping assessment If any income chargeable to tax, in the case of an assessee, has escaped assessment for any assessment year, the Assessing Officer may, subject to the provisions of sections 148 to 153, assess or reassess such income or recompute the loss or the depreciation