[aaykarbhavan] Allowance for exp. or depreciation wasn’t admissible if assessee transferred its business to franchisee

Allowance for exp. or depreciation wasn't admissible if assessee transferred its business to franchisee

August 8, 2014[2014] 47 taxmann.com 211 (Punjab & Haryana)

IT: Where assessee had transferred its business to franchisee, assessee could no more claim any business expenditure or depreciation on expenses incurred by it

 

Regards

Prarthana Jalan

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

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