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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Depreciaition - Merely because the company has shown the cars as ...


Listing Cars as Assets Doesn't Confer Ownership; Legal Titleholders Are True Owners.

May 16, 2013

Case Laws     Income Tax     AT

Depreciaition - Merely because the company has shown the cars as its assets in the books of account, cannot put it into the definition of owner of the cars to the exclusion of the legal/registered owners of the cars. - AT

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