The depreciation, whether claimed or not, cannot be foisted upon ...

Depreciation not mandatory for taxpayers before Explanation 5, Section 32(1), Income Tax Act, April 2002.

September 2, 2016

Case Laws Income Tax HC

The depreciation, whether claimed or not, cannot be foisted upon the assessee even prior to insertion of Explanation 5 to S.32 (1) of the Act with effect from 01/04/2002, while calculating deduction under Chapter VI-A of the Act. - HC

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The depreciation, whether claimed or not, cannot be foisted upon ...

Depreciation not mandatory for taxpayers before Explanation 5, Section 32(1), Income Tax Act, April 2002.

September 2, 2016

Case Laws Income Tax HC

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