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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Additional depreciation allowed u/s 32(1)(iia) is a one time ...


Section 32(1)(iia): One-Time Additional Depreciation to Boost Industrialization Must Be Interpreted Liberally for Effective Application.

August 10, 2016

Case Laws     Income Tax     AT

Additional depreciation allowed u/s 32(1)(iia) is a one time benefit to encourage industrialization, and the provisions related to it have to be construed reasonably, liberally and purposively, to make the provision meaningful - AT

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