TMI BlogDepreciation Claim Allowed: Repair Materials Not Considered Scrap Value Under Asset Sale or Demolition.The asset is put to repair and the material used for repair of plant & machinery cannot be said to be the scrap value on account of sale or discarding or demolishing or disturbing of the asset in question. - claim of depreciation allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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