[aaykarbhavan] Penalty leviable if assessee didn't add back depreciation charged under Companies Act in computation of income

 

Penalty leviable if assessee didn't add back depreciation charged under Companies Act in computation of income

February 21, 2015[2015] 54 taxmann.com 228 (Mumbai - Trib.)/[2014] 35 ITR(T) 314 (Mumbai - Trib.)

IT: Where assessee-company charged depreciation both under Companies Act and Income-tax Act while failed to add back depreciation charged under Companies Act, same could not be held as mistake not liable to penalty

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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