https://www.taxtmi.com/highlights?id=50566 Claim of Excessive depreciation on building - the preponderance of the probability suggests that raising of bogus bills by the subcontractors to the contactors and then routing back of the money in the form of the cash definitely must have been done on the direction of the assessee as assessee is the ultimate beneficiary by way of excess deduction of depreciation on the capital asset in the form of building. - Claim not allowed. en-us Thu, 05 Dec 2019 13:13:52 +0530 Thu, 05 Dec 2019 13:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50566 Claim of Excessive depreciation on building - the preponderance of the probability suggests that raising of bogus bills by the subcontractors to the contactors and then routing back of the money in the form of the cash definitely must have been done on the direction of the assessee as assessee is the ultimate beneficiary by way of excess deduction of depreciation on the capital asset in the form of building. - Claim not allowed. Highlights Income Tax Thu, 05 Dec 2019 13:13:52 +0530 https://www.taxtmi.com/highlights?id=50566