Mr. TJ. Mathai Thekkanath House Versus The Assistant Commissioner of Income-Tax - Income Tax - ITAT Cochin - Tri - Restriction of rate of depreciation claimed on lorries to 25 percent - Held that - Following CIT vs. Gupta Global Exim P. Ltd. 2008 (5) TMI 7 - SUPREME COURT - Mere inclusion of certain amount in the total business income is not the determinative factor for deciding whether trucks were used by the assessee during the relevant year in a business of running them on hire - The returns filed................................... Income Tax - Case Laws
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