6 results for “depreciation”+ Section 2(45)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)
depreciation claimed by the assessee, vide assessment order dated 12.12.2017 passed by AO u/s 143(3) read with Section 263 of the 1961 Act. The AO observed that the assessee has shown addition in the fixed assets in Plant and Machinery (Tippers 3 Numbers) at Rs. 44,96,000/- , but the assessee did not submitted any proof of purchase