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Income Tax - Highlights / Catch Notes

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Depreciation on Capital subsidy - subsidy was granted for the ...

Case Laws     Income Tax

June 2, 2017

Depreciation on Capital subsidy - subsidy was granted for the specific purpose of technology up-gradation - for the purpose of computing depreciation allowable to the assessee, the subsidy amount cannot be reduced from the actual cost of the capital asset. - AT

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