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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Depreciation - reduction of subsidy from actual cost reduced - ...


Court Rules Subsidy Reduction for Depreciation Needs Case-by-Case Analysis, Not Blanket Application.

October 8, 2013

Case Laws     Income Tax     HC

Depreciation - reduction of subsidy from actual cost reduced - though subsidy was held as capital receipt but this cannot be held to be a rule of universal application without examination of relevant facts - HC

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