Supreme Court · 2000 INSC 147 · Decided 15 March 2000
Commissioner of Income Tax v. Mahendra Mills
- Court
- Supreme Court of India
- Citation
- 2000 INSC 147 · [2000] 2 S.C.R. 465
- Case number
- CIVIL APPEAL No. 5394/1994
- Decided
- 15 March 2000
- Bench
- D.P. WADHWA, S.S.M. QUADRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 16, 34, 37
Headnote
Income Tax: Sections 32, 34, 28 and 29-Depreciation allowance-Grant of-Claim for depreciation and furnishing of prescribed particulars by assessee is nec­ essary-In its absence, there is no mandate on the income-tax officer to compute the income by allowing depreciation-Circular No. 11, 1955. Section 139(5)-Assessment based on revised return-Claim of depre­ ciation cannot be granted on the original return. Worru and Phrases : Actually allowed-Meaning of-In the context of Sections 16, 34 and 37 of the Income-tax Act. Respondent-assessee did not claim any depreciation
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