Depreciation on loose tools - jigs and fixtures - change in the ...

Court Rules Depreciation on Tools Must Follow Standard 10% Rate, Rejects Assessee's Expert-Determined Rate Claim.

August 18, 2015

Case Laws Income Tax AT

Depreciation on loose tools - jigs and fixtures - change in the accounting policy without any reason - The rate of deprecation could not be claimed as fixed by the assessee's expert. It could be claimed only at the prescribed rate, i.e. at the general rate of 10%. - AT

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Depreciation on loose tools - jigs and fixtures - change in the ...

Court Rules Depreciation on Tools Must Follow Standard 10% Rate, Rejects Assessee's Expert-Determined Rate Claim.

August 18, 2015

Case Laws Income Tax AT

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