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Income Tax - Highlights / Catch Notes

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Depreciation on Quarry Land & Development - AO disallowed the ...

Income Tax

September 6, 2017

Depreciation on Quarry Land & Development - AO disallowed the claim of deprecation as, there is no block for such asset in the Income Tax Act to claim depreciation U/s 32 - CIT(A) has allowed the depreciation correctly.

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