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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

The work in the case of assessee, are meant to altogether change ...


Expenditure on Capacity Expansion and Appearance Change Classified as Capital; Depreciation is Deductible.

December 15, 2016

Case Laws     Income Tax     AT

The work in the case of assessee, are meant to altogether change the use by way of expanding its capacity substantially and changeover of its look. The expenditure is certainly capital in nature on which depreciation can only be allowed.- AT

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