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1 - 5 of 5 (0.39 seconds)S.P.B.P. Srirangacharyulu vs The Commissioner Of Income-Tax, Andhra ... on 28 September, 1964
In S. P. B. P. Srirangacharyulu v. CIT [1965] 58 ITR 95 (AP), it is ruled that if the vehicle at the relevant time is registered in the name of the hire-purchasers, the same cannot be construed to be a part of the stock-in-trade of the financier and the financier assessee cannot take any advantage of the depreciated value of the vehicle.
Section 24 in The Income Tax Act, 1961 [Entire Act]
Section 36 in The Income Tax Act, 1961 [Entire Act]
Section 256 in The Income Tax Act, 1961 [Entire Act]
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