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Income Tax - Highlights / Catch Notes

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Claim of depreciation beyond six years for the first time - ...

Income Tax

July 25, 2023

Claim of depreciation beyond six years for the first time - There is no provision under law to make assessment of an assessee beyond six years. Therefore, claim made by the assessee beyond six years cannot be admitted, because, there is no provision under the law to modify the income of the assessee by the AO. - AT

 

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