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Income Tax - Highlights / Catch Notes

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Depreciation on boiler leased back - ownership of the impugned ...

Income Tax

April 25, 2016

Depreciation on boiler leased back - ownership of the impugned asset was with the assessee and the same was used for the purpose of business of leasing carried on by the assessee; under these circumstances the assessee was entitled for the benefit of depreciation - AT

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