Higher depreciation claim - Receipt from business of hiring of ...

Higher Depreciation Rate of 30% Approved for Assessee Earning 2/3rd Income from Hiring Plant and Machinery Business.

December 25, 2020

Case Laws Income Tax AT

Higher depreciation claim - Receipt from business of hiring of plant and machinery - The assessee’s claim is that since the substantial income i.e. 2/3rd of its income is from hiring business, it qualifies for higher depreciation @ 30%. - Claim allowed - AT

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Higher depreciation claim - Receipt from business of hiring of ...

Higher Depreciation Rate of 30% Approved for Assessee Earning 2/3rd Income from Hiring Plant and Machinery Business.

December 25, 2020

Case Laws Income Tax AT

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