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Income Tax - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Additional depreciation claimed by the assessee company @ 10% in ...

Case Laws     Income Tax

December 17, 2021

Additional depreciation claimed by the assessee company @ 10% in respect on new plant & machinery acquired by it after September 30, 2012 (AY 2013-14) - Number of days asset is used - the additional depreciation is allowable depreciation and the amendment is not applicable in present assessment year i.e. A.Y. 2014-15 in assessee’s case. - AT

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