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

By Yogitha S. Yogesh - On December 27, 2022 7:02 pm - 2 mins read

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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Pathankot Hindu Urban Co-operative Bank Ltd vs Dy. CIT

CITATION: 2022 TAXSCAN (ITAT) 1915

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