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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

As the transaction of lease and sub lease was proved to be bogus ...


Fraudulent Lease and Sublease Transaction Disqualifies Eligibility for Depreciation Allowance Under Tax Rules.

September 18, 2012

Case Laws     Income Tax     HC

As the transaction of lease and sub lease was proved to be bogus no question of allowance of depreciation arises here - HC

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