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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Claim of depreciation on capital assets - income which does not ...


Depreciation Claims Denied on Exempt Income Assets u/s 32 and Section 11 of Income Tax Act.

September 4, 2015

Case Laws     Income Tax     AT

Claim of depreciation on capital assets - income which does not form part of total income as the same was exempted u/s 11 as application of income, the assessee cannot claim depreciation u/s 32 - AT

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