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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Discontinued Business - Disallowance out of depreciation and ...


Court Allows Deductions for Expenses Protecting Business Assets, Despite Business Closure; Depreciation and Travel Costs Still Disallowed.

December 10, 2013

Case Laws     Income Tax     AT

Discontinued Business - Disallowance out of depreciation and disallowance out of travelling, repairs, insurance expenses – expenses incurred to protect the business assets should be allowed as deduction - AT

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