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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Depreciation u/s 32 – Plant ready for used but not used in ...


Depreciation Permitted for Idle Plant Ready for Use Due to Raw Material Shortage u/s 32. Business Still Active.

August 19, 2013

Case Laws     Income Tax     HC

Depreciation u/s 32 – Plant ready for used but not used in actual due to unavailability of raw-material – business was a going concern and the machinery could not be put to use due to raw material paucity - depreciation allowed - HC

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