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Income Tax - Highlights / Catch Notes

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Disallowance depreciation on car - There could be no ...


Depreciation on Motor Car Allowed: No Disallowance u/s 38(2) of Income Tax Act.

July 17, 2012

Case Laws     Income Tax     AT

Disallowance depreciation on car - There could be no disallowance u/s. 38(2) of the Act in respect of the depreciation on motor car, a tangible asset, covered u/s 32(1)(i) of the Act - AT

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