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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

The depreciation, whether claimed or not, cannot be foisted upon ...

Income Tax

September 2, 2016

The depreciation, whether claimed or not, cannot be foisted upon the assessee even prior to insertion of Explanation 5 to S.32 (1) of the Act with effect from 01/04/2002, while calculating deduction under Chapter VI-A of the Act. - HC

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