Disallowance of depreciation claimed by the assessee u/s 32 on ...

Income Tax

December 15, 2021

Disallowance of depreciation claimed by the assessee u/s 32 on the fixed assets acquired/purchased during the year - asset put to use or not? - Once a new factory has been set up with new plant & machinery which was used for production during the year and depreciation has been claimed on such plant & machinery, then same cannot be denied on the ground that the plant & machinery of the new assets purchased during the year were not put to use. - AT

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Disallowance of depreciation claimed by the assessee u/s 32 on ...

Income Tax

December 15, 2021

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