Depreciation Claims Not Deductible: Section 158B(b) Defines as Written Down Value, Not Income Under Income Tax Act.

Depreciation Claims Not Deductible: Section 158B(b) Defines as Written Down Value, Not Income Under Income Tax Act. https://www.taxtmi.com/highlights?id=1912 Claim of depreciation going by definition of undisclosed income in Section 158B(b) of the Act cannot be said to be allowable or deductible expense as it is really written down value of the assets hence it cannot be said to be an income.... - HC en-us Thu, 13 Oct 2011 00:00:00 +0530 Thu, 13 Oct 2011 00:00:00 +0530 TaxTMI RSS Generator Depreciation Claims Not Deductible: Section 158B(b) Defines as Written Down Value, Not Income Under Income Tax Act. https://www.taxtmi.com/highlights?id=1912 Claim of depreciation going by definition of undisclosed income in Section 158B(b) of the Act cannot be said to be allowable or deductible expense as it is really written down value of the assets hence it cannot be said to be an income.... - HC Highlights Income Tax Thu, 13 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/highlights?id=1912