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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Depreciation on machinery purchased from Andhra Pradesh State ...

Income Tax

August 14, 2015

Depreciation on machinery purchased from Andhra Pradesh State Electricity Board - since the machinery was not purchased by the appellant, it never became the owner of the machinery and, therefore, could not claim any depreciation thereof. - SC

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