Sale of Plant and machinery within short span of acquisition - ...

Case Laws Income Tax

September 16, 2022

Sale of Plant and machinery within short span of acquisition - Revenue treated the same as Scrap - denying adjustment of cost of acquisition against the consideration - The fact of the asset being sold within a very short period of acquiring is not relevant for determining its character as scrap. - AT

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Sale of Plant and machinery within short span of acquisition - ...

Case Laws Income Tax

September 16, 2022

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