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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Additional depreciation - Once it is not a new machinery or ...

Income Tax

December 30, 2013

Additional depreciation - Once it is not a new machinery or plant, allowance under Section 32(1)(iia) cannot be allowed - There is nothing in the statute which allows such claim of additional depreciation every year on machinery acquired in earlier year - AT

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