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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Current year's depreciation is to be allowed as set off from the ...

November 22, 2012

Case Laws     Income Tax     AT

Current year's depreciation is to be allowed as set off from the Long Term Capital Gains and brought forward depreciation is to be treated as current year's depreciation as per the legal fiction of section 32(2), the same is also to be allowed to be set off from the Long Term Capital Gains - AT

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