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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Disallowance of excess depreciation claimed on Iris Cameras - ...

Income Tax

March 26, 2016

Disallowance of excess depreciation claimed on Iris Cameras - Iris camera without the aid of software is obsolete and it cannot be used in the normal course of business. The assessee has rightly claimed 50% depreciation over a period of two years - AT

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