Depreciation rate

This query is : Resolved 

01 November 2013 we have claimed the excess depreciation in assessment year, kindly let me know about certain obligation facing the time of scrutiny cases

01 November 2013 i) Income will be increased to that extent.

ii) Tax and interest has to be paid accordingly.

iii) Penalty proceedings ,u/s 271(1)(c), will be initiated by the AO but will not sustain.



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