TMI BlogLicense/registration fee paid - whether is a commercial right and in the nature of an asset within the...License/registration fee paid - whether is a commercial right and in the nature of an asset within the meaning of section 32(1)(ii) and the assessee is entitled to claim depreciation thereon? - the Revenue has been accepting the capitalization of special Dunnage and allowing depreciation @ 16% per annum over the period of life expectancy of such Dunnage. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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