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Depreciation and capital gain
Whether AO can deny to add assets to business a/c evenif it was used for business purpose, if -1) depreciation is not claimed and 2) such asset was not shown in business account earlier.This asset was sold afterwards......
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If you such an instance then it could lead to several other problems.
It such an asset is used for business what is the source for buying the asset ?
If you have a valid source then why was it not introduced in the business.
You will have to put up a strong arguement to get it in your favor
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