Thursday, August 9, 2018

No cessation of liability u/s 41(1) if amount wasn't written off in books: Gujarat HC

IT : Where assessee had not closed its business permanently, rather, on account of stay from Court it could not run factory in year under consideration, depreciation could not be denied on account of closure of business

from www.taxmann.com Latest Case Laws https://ift.tt/2B31l58
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...