High Court Rules No Deductions Allowed When Income Estimated After Rejecting Books of Accounts, Including Depreciation. https://www.taxtmi.com/highlights?id=15030 Allowability of Depreciation, when income is computed on estimate basis after rejection of books of accounts - hen the Net Profit is made on estimate basis after rejecting the books of account, then no deduction including depreciation is allowed - HC en-us Fri, 11 Oct 2013 15:46:19 +0530 Fri, 11 Oct 2013 15:46:19 +0530 TaxTMI RSS Generator High Court Rules No Deductions Allowed When Income Estimated After Rejecting Books of Accounts, Including Depreciation. https://www.taxtmi.com/highlights?id=15030 Allowability of Depreciation, when income is computed on estimate basis after rejection of books of accounts - hen the Net Profit is made on estimate basis after rejecting the books of account, then no deduction including depreciation is allowed - HC Highlights Income Tax Fri, 11 Oct 2013 15:46:19 +0530 https://www.taxtmi.com/highlights?id=15030