6 results for “depreciation”+ Section 6(1)(iii)clear
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Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN
iii) such income has been made the subject of excessive relief under this Act; or (iv) excessive loss or depreciation allowance or any other allowance under this Act has been computed.” 4. On the other hand the stand of learned Senior Counsel appearing for the assessee is that explanation 2 can only be read subject to main provision of Section