The Madras High Court held that the Assessing Officer (AO) rightly disallowed depreciation on the purchase of windmill. The assessee, V. Sabitamani an individual filed for return of income for the assessment year under consideration admitting the total income of Rs.12,92,820. The assessment was selected for scrutiny and notice under Section 143(2) of the Act […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3hySqbg
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