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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Depreciation on imported cars - amalgamation / merger - ...


Assessee Entitled to Depreciation on Imported Cars Acquired Post-Amalgamation After April 1, 2001 Cut-Off Date.

October 8, 2013

Case Laws     Income Tax     HC

Depreciation on imported cars - amalgamation / merger - Respondent assessee had acquired the asset i.e. imported cars after the cut off date i.e. 1st April, 2001 and, therefore, is entitled to depreciation - HC

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