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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Expenditure on replacement of plant and machinery - ITAT allowed ...


ITAT Approves 100% Depreciation on Machinery Replacements, Missing from Company's Annual Report, Raising Benefit Concerns.

March 26, 2015

Case Laws     Income Tax     HC

Expenditure on replacement of plant and machinery - ITAT allowed depreciation at 100% on the specified items - claim which was not reflected in the Annual Report given to shareholders and Company Law Board is clearly an afterthought with an intention to avail greater benefit - HC

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