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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Depreciation claim - mutual benefit society - Once the ...

Case Laws     Income Tax

April 3, 2018

Depreciation claim - mutual benefit society - Once the properties of the society are used for the purpose of activities of the assessee, the same would have to be treated as being used in the business of the assessee. If this is so, the income under the head business in the hands of the assessee, would have to be considered and depreciation liable to be allowed - AT

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