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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Deprecation on capital spares - spares have not been put to use ...

Income Tax

January 29, 2019

Deprecation on capital spares - spares have not been put to use during the relevant period - it is not in dispute that the capital spares were purchased and kept ready for use in case of emergency by the assessee and as such allowable expenses on account of depreciation

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