High Court Denies Depreciation Claim on Furnace Due to Lack of Evidence and Documentation by Assessee.

High Court Denies Depreciation Claim on Furnace Due to Lack of Evidence and Documentation by Assessee. https://www.taxtmi.com/highlights?id=32984 Claim for depreciation on Flameless Furnace - nonproduction of vital documents - Assessee was not able to explain even the whereabouts of the Furnace which is alleged to be owned by it - Depreciation was rightly denied - HC en-us Tue, 24 Jan 2017 08:36:28 +0530 Tue, 24 Jan 2017 08:36:28 +0530 TaxTMI RSS Generator High Court Denies Depreciation Claim on Furnace Due to Lack of Evidence and Documentation by Assessee. https://www.taxtmi.com/highlights?id=32984 Claim for depreciation on Flameless Furnace - nonproduction of vital documents - Assessee was not able to explain even the whereabouts of the Furnace which is alleged to be owned by it - Depreciation was rightly denied - HC Highlights Income Tax Tue, 24 Jan 2017 08:36:28 +0530 https://www.taxtmi.com/highlights?id=32984