Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]

Depreciation - CBDT Instruction - CBDT - Books of Account - ITAT - taxscan

The Amritsar bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation can be allowed on factual aspects under CBDT instruction, even if the value is not recorded in the books of account The Pathankot Hindu Urban Co-operative Bank Ltd, the assessee is that the assessee is a cooperative bank and…

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