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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Since the CIT(A) allowed depreciation on roads/bridges there is ...


Depreciation on Roads and Bridges Upheld by CIT(A): Full Project Cost Deductible for Assessee as Amortized or Depreciation.

November 14, 2014

Case Laws     Income Tax     AT

Since the CIT(A) allowed depreciation on roads/bridges there is no reason to interfere with the order of CIT(A) as the entire cost incurred on the project is to be allowed as deduction to assessee either as amortized revenue expenditure or as depreciation - AT

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