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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Disallowance of depreciation and expenses in respect of the new ...

Case Laws     Income Tax

May 20, 2020

Disallowance of depreciation and expenses in respect of the new car purchased - questioned car was registered in the name of the Director - the assessee company should be considered as owner for all practical purposes and hence it is entitled for depreciation.

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