Depreciation on plant and machinery - plant and machinery were ...

Depreciation on machinery at client's site is deductible if used for assessee's business purposes. Claim is valid.

March 16, 2022

Case Laws Income Tax AT

Depreciation on plant and machinery - plant and machinery were installed at customer's premises - It cannot be said that the equipment in question had not been used for the purpose of the business of the assessee. The fact that the equipments were used in the business premises of the clients cannot be the basis to disallow the claim of the assessee for deduction on account of depreciation - AT

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Depreciation on plant and machinery - plant and machinery were ...

Depreciation on machinery at client's site is deductible if used for assessee's business purposes. Claim is valid.

March 16, 2022

Case Laws Income Tax AT

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