Held that when the when the purchase of assets treated as bogus, proportionate disallowance of depreciation each year is proper. (AY.2017-18, 2018-19)
Dy. CIT v. Reliance Industries Ltd. (2024)109 ITR 180 (Mum)(Trib)
S. 32 : Depreciation 1Purchase of assets treated as bogus 1Proportionate disallowance of depreciation each year is proper.
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