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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Additional Depreciation - between the words acquired and ...


Assets Must Be Acquired and Installed Post-Specified Date for Additional Depreciation Eligibility.

January 14, 2014

Case Laws     Income Tax     AT

Additional Depreciation - between the words acquired and installed, the conjunction used is 'and' and not 'or' which means both the conditions i.e. acquisition and installation has to take place after the specific date for getting eligibility to additional depreciation - AT

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