2 results for “bogus purchases”+ Carry Forward of Lossesclear
Sorted by relevance
carried forward the unabsorbed depreciation of Rs. 15,53,487.72 (Rs. 1,47,97,995.01 \026 Rs. 1,32,44,507.29 = Rs. 15,53,487.72) to the following year. By the assessment order dated 30.03.1999, the Deputy Commissioner of Income-Tax assessed the appellant’s income at a figure of Rs. 47,03,120.00. This was because: (i) Disallowance