Disallowance of depreciation u/s 32 - Plants not in operation - ...

Income Tax

July 25, 2023

Disallowance of depreciation u/s 32 - Plants not in operation - The BIFR directions do not override the provisions of Act. As long as the ownership of the assets continue to be with the assessee company - Assets of closed units could not be segregated for purpose of allowing depreciation and depreciation has to be allowed on entire block of assets. - AT

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Disallowance of depreciation u/s 32 - Plants not in operation - ...

Income Tax

July 25, 2023

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