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Case Law Details

Case Name : GVV Construction Pvt. Ltd. Vs. DCIT (ITAT Cuttack)
Related Assessment Year : 2013-14
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GVV Construction Pvt. Ltd. Vs. DCIT (ITAT Cuttack)

If the assessee uses motor lorries partly for own use and for hire charges he is not entitled to claim excess depreciation @ 30% as per the provisions of Section 32 of the Income Tax Act.

Case Summary: –

Facts of the case:

  • The assessee filed return of income on 24.09.2013 declaring total income of Rs.3,29,07,929/-. The assessee is de

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Author Bio

With over 15 years of practical experience as a Chartered Accountant, including positions at Big 4 firms, Suraj R. Agrawal has honed expertise in a wide array of tax-related areas. He specializes in global transfer pricing, cross-border transaction structuring, international taxation, tax structurin View Full Profile

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