Case Law Details
Case Name : ITO Vs Ventura Textiles Ltd. (ITAT Mumbai)
Related Assessment Year : 2011-14
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
ITO Vs Ventura Textiles Ltd. (ITAT Mumbai)
Conclusion: Depreciation could not be disallowed due to assets were not in use as assessee had not close down the business but it was not going on because of illegal strike by the workers and therefore manufacturing had been stopped temporarily.
Held: AO noticed during the course of assessment proceedings that assessee had claimed depreciation under
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
I like to read well-written articles. It looks like you spent a lot of time and effort on your blog. I learned a lot from your article. keep up the good work!