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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Depreciation - fleet of cars which was kept ready for use - ...


Business Car Fleet Depreciation Partially Disallowed; Only 25% Affected Due to Potential Personal Use.

July 1, 2014

Case Laws     Income Tax     AT

Depreciation - fleet of cars which was kept ready for use - disallowance on account of personal use of the car could have been made to some extent on estimated basis but not the entire depreciation - 25% disallowed - AT

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