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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Depreciation on assets of hire purchase and leasing business – ...


Court Rules No Interconnection Between Existing and New Businesses for Depreciation on Hire Purchase and Leasing Assets.

September 25, 2014

Case Laws     Income Tax     HC

Depreciation on assets of hire purchase and leasing business – setting up of new business i.e. new source of income - There is no interconnection between the businesses of the assessee - HC

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