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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Depreciation - if the undertaking has been taken on slump sale, ...


Prudent Business Practice: Avoid Letting Acquired Assets Idle in Slump Sale for Optimal Tax and Depreciation Benefits.

April 4, 2015

Case Laws     Income Tax     AT

Depreciation - if the undertaking has been taken on slump sale, no prudent businessman would leave the undertaking remain idle for so many months, when it is capable of running of its own without any interruption. - AT

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