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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Fixation of the value of the second-hand windmill - Depreciation ...

Case Laws     Income Tax

September 9, 2020

Fixation of the value of the second-hand windmill - Depreciation on windmill - Tribunal observed that valuations may be relevant in ordinary circumstances, but when cumulative depreciation claimed was far in excess of the cost, the valuation report of the approved valuer becomes insignificant. - HC

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