7 results for “depreciation”+ Section 13(2)clear
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In the result, appeal filed by Revenue is partly allowed
Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2012-13 The Assistant Shri Bajrang Bahadur Singh, Commissioner Of Income V. Marhatha, Campierganj, Tax,Circle-1, Gorakhpur-273001, Uttar Aayakarbhawan, Civil Pradesh Lines, Gorakhpur 273001, Uttar Pradesh Pan:Afxps6284G (Appellant) (Respondent)
13,57,520/- was added to the income of the assessee. 5.2 Similarly, the AO observed that the assessee has made payment to the tune of Rs. 2,16,67,364/- towards labour charges. The AO observed from the ledger of labour payments, that cash payments in excess of Rs. 20000/- in a day were 5 Assessment Year