Disallowance of additional depreciation - use of machinery in ...

Income Tax

July 18, 2019

Disallowance of additional depreciation - use of machinery in the actual process of manufacture of food products/sweets/namkeens - items of the assets installed at retail outlets(sweet shops) - retail outlets are not either office promises or residential accommodation in the nature of the guesthouse excluded u/s 32(1)(iia) for the additional depreciation - claim allowed.

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Disallowance of additional depreciation - use of machinery in ...

Income Tax

July 18, 2019

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