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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Confirmation of additional claim of depreciation – Provisions ...


Section 32(1)(iia) of Income Tax Act: No Need to Use Plant and Machinery in Acquisition Year for Extra Depreciation.

April 12, 2014

Case Laws     Income Tax     AT

Confirmation of additional claim of depreciation – Provisions of section 32(1)(iia) of the Act, do not requires that the P&M has to be put into use in the year in which it is acquired for the purpose of claiming AD - AT

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