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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Accelerated depreciation at the rate of 50% for new commercial ...


New Commercial Vehicles Acquired in 2009 Eligible for 50% Accelerated Depreciation; No Article 14 Violation Found.

February 19, 2015

Case Laws     Income Tax     HC

Accelerated depreciation at the rate of 50% for new commercial vehicles acquired on or after 1.1.2009, but before the 1.10.2009, and put to use before the 1.10.2009 - There is No violation of fundamental rights of the petitioner under article 14 of the Constitution of India - HC

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