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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Entitlement for claim of depreciation on tanker – he tanker was ...


High Court Upholds Tribunal's Decision: No Depreciation Claim Allowed for Unused Tanker at Year-End Closure.

September 18, 2014

Case Laws     Income Tax     HC

Entitlement for claim of depreciation on tanker – he tanker was not used during the closure of the accounting year – thus, the order of the Tribunal denying the depreciation is upheld - HC

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