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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Non granting of depreciation on earned tools used for the ...


Depreciation Denied: Tools & Machinery Considered Part of Hotel Construction Costs, Ineligible for Tax Depreciation.

May 3, 2016

Case Laws     Income Tax     AT

Non granting of depreciation on earned tools used for the business - tools and machineries, which are purchased by the assessee, are not eligible for depreciation but they themselves are cost of construction of the hotel building - AT

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