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Income Tax - Highlights / Catch Notes

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Disallowance of depreciation - assessee had claimed 100 percent ...

Income Tax

September 4, 2013

Disallowance of depreciation - assessee had claimed 100 percent depreciation as the project was completely abandoned later in the year 1999. Since the machinery was never put to use by the assessee no depreciation is allowable for the assessment year 1998-99 - AT

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