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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Depreciation on Assets – whether lessor was entitled to ...


Lessor Cannot Claim Depreciation on Assets in Finance Lease, Not Operating Lease, Court Rules.

September 18, 2013

Case Laws     Income Tax     AT

Depreciation on Assets – whether lessor was entitled to depreciation on assets leased by it in finance lease - Held No - lease agreement under consideration was that of finance lease and not operating lease - AT

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