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Income Tax - Highlights / Catch Notes

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Depreciation on motor cars purchased and used in Iraq - the ...


Foreign Car Depreciation in Iraq Allowed u/s 32(1)(ii) of Income Tax Act for Business Use Abroad.

October 8, 2012

Case Laws     Income Tax     HC

Depreciation on motor cars purchased and used in Iraq - the second proviso to Section 32(1)(ii) was not to deny depreciation on foreign cars used in foreign countries for business abroad - HC

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