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TMI BlogLoan Processing Fee Deemed Capital; Depreciation Allowed by Adding Fee to Asset Cost, Says AO Order.No infirmity in the order of AO in treating the entire loan processing fee paid for obtaining loan from bank being capital in nature. The assessee however, would be entitled to claim depreciation by capitalizing this figure with the cost of asset acquired by it - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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