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Income Tax - Highlights / Catch Notes

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

Income Tax

March 4, 2015

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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