Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Depreciation on water supply scheme as well as for ‘road’ - AO di...
AO Directed to Allow 100% Depreciation on Water Supply System; 10% Depreciation for Roads Upheld.
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Income TaxDecember 27, 2018Case LawsAT
Depreciation on water supply scheme as well as for ‘road’ - AO directed to allow the assessee’s claim for 100% depreciation on water supply system and AO’s order allowing only 10% depreciation of roads is upheld.