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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Classification of Bypass Toll Road – Building or Plant - the ...


Bypass Toll Road Not Classified as "Plant" for Tax; No Higher Depreciation Rate for Assessee.

November 12, 2014

Case Laws     Income Tax     HC

Classification of Bypass Toll Road – Building or Plant - the toll road would not qualify as a ‘plant’ so as to entitle the assessee a higher rate of depreciation - HC

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