Since assets were put to use for less than 180 days, ...

Taxpayer Allowed to Claim Remaining 50% Depreciation Next Year for Assets Used Less Than 180 Days.

September 12, 2012

Case Laws Income Tax AT

Since assets were put to use for less than 180 days, depreciation claimed only 50% of 15% - Balance additional depreciation was claimed by in instant assessment year - Law does not prohibit that balance 50% will not be allowed in succeeding year - AT

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Since assets were put to use for less than 180 days, ...

Taxpayer Allowed to Claim Remaining 50% Depreciation Next Year for Assets Used Less Than 180 Days.

September 12, 2012

Case Laws Income Tax AT

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