Depreciation on the expenditure incurred for construction of ...

Income Tax

January 8, 2021

Depreciation on the expenditure incurred for construction of Amritsar Bus Terminal project on build, operate and transfer (BOT) basis - the assessee is entitled to claim deprecation as per specified rate at 25% - Once the claim of the assessee towards depreciation allowance is accepted, the deduction allowed by the AO towards allocated cost of project, naturally needs to be withdrawn - AT

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Depreciation on the expenditure incurred for construction of ...

Income Tax

January 8, 2021

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