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Income Tax - Highlights / Catch Notes

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Depreciation on windmills at higher rate – Even if option is not ...


Higher Depreciation on Windmills Allowed Despite Delayed Option u/r 5(1A) Proviso.

December 23, 2013

Case Laws     Income Tax     AT

Depreciation on windmills at higher rate – Even if option is not exercised within the stipulated time as per second proviso to rule 5(1A), the same cannot have a serious consequence of total denial of the claim of the assessee - AT

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