TMI BlogAircrafts Not Eligible for 40% Depreciation Rate Under 'Machinery and Plant' Category: No Cases Provided by Revenue.Depreciation on aircrafts @ 40% - revenue has not been able to bring on record any of the cases wherein such aircraft has been considered by them eligible for depreciation under the head ‘Machinery and Plant’ - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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