https://www.taxtmi.com/caselaws?id=176846 The HC dismissed the appeals, upholding the Tribunal's decision and the CIT(A)'s findings. The appellant's claims regarding disallowance of depreciation and assessment jurisdiction were rejected due to lack of evidence and failure to challenge earlier orders. The Court confirmed that depreciation cannot be claimed separately when income is assessed using a net profit rate under section 44AD. The legality of the assessment jurisdiction and the impugned orders was affirmed, with no grounds found to challenge the previous decisions. The appeal was dismissed, maintaining the disallowance of expenses, interest, and salary adjustments. en-us Thu, 07 Aug 2008 00:00:00 +0530 Tue, 28 Nov 2023 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176846 The HC dismissed the appeals, upholding the Tribunal's decision and the CIT(A)'s findings. The appellant's claims regarding disallowance of depreciation and assessment jurisdiction were rejected due to lack of evidence and failure to challenge earlier orders. The Court confirmed that depreciation cannot be claimed separately when income is assessed using a net profit rate under section 44AD. The legality of the assessment jurisdiction and the impugned orders was affirmed, with no grounds found to challenge the previous decisions. The appeal was dismissed, maintaining the disallowance of expenses, interest, and salary adjustments. Case-Laws Income Tax Thu, 07 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176846