Additional Depreciation u/s 32 - claim of 10% (50% of 20%) in ...

Case Laws Income Tax

January 2, 2016

Additional Depreciation u/s 32 - claim of 10% (50% of 20%) in the first year and balance 10% in the second year - the balance 10% additional deduction can be availed in the subsequent assessment year, otherwise the very purpose of insertion of Clause (iia) would be defeated because it provides for 20% deduction which shall be allowed. - HC

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Additional Depreciation u/s 32 - claim of 10% (50% of 20%) in ...

Case Laws Income Tax

January 2, 2016

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