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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Additional depreciation should be regarded as “Plant” or “Office ...

Case Laws     Income Tax

March 30, 2020

Additional depreciation should be regarded as “Plant” or “Office Equipment” - As we have already observed there is complete lack of details to decide whether the assets in question are “Plant” or “Office equipment” in the absence of the role these assets perform and purpose for which these assets are used by the Assessee. - CIT(A) directed to determine the issue.

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