Bombay H.C : The depreciation u/s 32(1) could not have been thrust on the assessee based on the decision reported in “243 ITR 56” is applicable to the facts of the case, is contrary to law, particularly, in view of amendment to the Income Tax Act, with effect from 1.4.1988, deleting section 34 of IT Act
High Court Of Bombay (Goa Bench) CIT vs. Auto Mobile Corporation Of Goa Ltd. Section 115J, 143(1)(a) N. M. Jamdar […]