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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Depreciation on securities - if the assessee has consistently ...

Case Laws     Income Tax

July 25, 2013

Depreciation on securities - if the assessee has consistently treating the value of investment for more than two decades as investment as stock-in-trade and claim depreciation, it is not open to the authorities to disallow the said depreciation on the ground that in the balance-sheet it is shown as investment in terms of the RBI Regulations - HC

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