Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1986 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1986 (10) TMI 98 - ITAT MADRAS-AExtract: ....... cent under the first proviso to section 32(1)(ii). In this view of the matter, we are of the opinion that while the assessee is entitled to normal depreciation under rules by treating the bottles as plant , it will not be entitled to depreciation at 100 per cent under first proviso to section 32(1)(ii). In the result, the appeal is partly allowed.
|