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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Carry forward of balance additional depreciation to the ...


High Court Confirms Carry Forward of Unused Additional Depreciation for Future Years, Clarifying Taxpayer Benefits.

November 3, 2020

Case Laws     Income Tax     HC

Carry forward of balance additional depreciation to the following years - whether tribunal was right in holding additional depreciation can be allowed in the next year in case the same cannot be allowed in the earlier year? - Held Yes - HC

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