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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Entitlement to depreciation claimed in respect of Unit-II - ...


High Court Approves Depreciation Claim for Non-Operational Unit-II, Citing Business Intent of Assets.

September 19, 2015

Case Laws     Income Tax     HC

Entitlement to depreciation claimed in respect of Unit-II - Non-undertaking any manufacturing activity during the AY in question - it is not the Revenue's case that the building and plant and machinery were not for the purpose of business of the Assessee - depreciation allowed - HC

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