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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Compensation received form P&G for sterilization of the assets – ...


Compensation for Sterilization of Assets Must Reduce Written Down Value of Asset Block, Says Court.

January 6, 2015

Case Laws     Income Tax     HC

Compensation received form P&G for sterilization of the assets – once the appellant has the advantage of receiving a sum towards installation of machinery alone, the same deserves to be deducted from the WDV, to the extent it has been added to the value of block assets - HC

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