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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Depreciation of leased assets - since the claim was not raised ...


Depreciation Claim Denied: Not Raised Due to Negligence and Absent from Profit and Loss Account During Assessment.

December 1, 2018

Case Laws     Income Tax     HC

Depreciation of leased assets - since the claim was not raised due to sheer negligence and it had not even figured in the profit and loss account. It was not the subject matter of assessment - Claim not allowed.

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