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Income Tax - Highlights / Catch Notes

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Depreciation on electrical installation - rate of depreciation - ...

Income Tax

September 19, 2016

Depreciation on electrical installation - rate of depreciation - electrical installation is integral to the plant and machinery used for manufacturing steel - CIT(A) has rightly directed the AO to allow depreciation on electrical installations @ 15% i.e. the rate applicable to 'plant & machinery'. - AT

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