Depreciation on the revalued assets - Tribunal did not commit ...

Income Tax

January 3, 2013

Depreciation on the revalued assets - Tribunal did not commit any error in law in allowing the depreciation on the revaluation reserve, which is a prescribed and statutory method of accounting, and by which the book profits do not get reduced, giving any added benefit to the companies including Minimum Alternate Tax (MAT) companies - HC

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Depreciation on the revalued assets - Tribunal did not commit ...

Income Tax

January 3, 2013

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