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Income Tax - Highlights / Catch Notes

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Depreciation on building - though the assessee might have taken ...

Income Tax

April 5, 2017

Depreciation on building - though the assessee might have taken possession of the property on 31.03.2007, there was no possibility for the building to be put to use on the same day. It is obvious that after purchase of the building some basic maintenance work would have been required before putting the asset to use. - AT

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