Additional depredation u/s 32 (1)(iia) - process of delivery of ...

CNG Delivery to Cars Qualifies for Additional Depreciation Under IT Act Section 32(1)(iia) Due to Distinct Identity.

March 24, 2021

Case Laws Income Tax AT

Additional depredation u/s 32 (1)(iia) - process of delivery of CNG to automobiles at the CNG filling centres - Fulfilment of mandate of manufacture or production - Compressed natural gas in its compressed form has a distinct identity and character and use - when a commodity acquires a distinct name, use and commercial identity, it would acquire the trait of 'manufacture' - AT

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Additional depredation u/s 32 (1)(iia) - process of delivery of ...

CNG Delivery to Cars Qualifies for Additional Depreciation Under IT Act Section 32(1)(iia) Due to Distinct Identity.

March 24, 2021

Case Laws Income Tax AT

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