It cannot be said that use of water is not necessary for ...

Tube well setup in sugar manufacturing classified as 'plant' for tax purposes; eligible for depreciation u/s 32(1).

March 4, 2015

Case Laws Income Tax HC

It cannot be said that use of water is not necessary for manufacturing of sugar - the tube well including its machinery and building would be used for the purpose of business or profession would fall within the definition of word 'plant' and on which depreciation would be allowed u/s 32 (1) - HC

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It cannot be said that use of water is not necessary for ...

Tube well setup in sugar manufacturing classified as 'plant' for tax purposes; eligible for depreciation u/s 32(1).

March 4, 2015

Case Laws Income Tax HC

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