Section 32
This query is : Open
17 February 2021
My client surrendered Rs 42,00,000/- in hospital building construction. Now in Assessment proceedings DCIT objected on taking depreciation on amount surrendered and asking that depreciation would not be allowed due to payment not made by account payee cheque,draft or use of electronic clearing system through a bank account.
Please advice very soon.
Please advice very soon.
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