First Income-Tax Officer vs Chowgule And Co. (P.) Ltd. on 16 May, 1984
which cannot be prima facie accepted.
(v) Claim of depreciation on barges gifted by the assessee
The assessee's previous year ended ... assessee gifted 17 barges under a revocable gift deed--2 barges to Gomantak (P.) Ltd. and 15 barges to Chowgule Education Society. Gift