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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Depreciation disallowed on medical instruments given on lease ...

Case Laws     Income Tax

March 23, 2013

Depreciation disallowed on medical instruments given on lease due to closure of business - The word 'used' would include actual use or at least keep ready for use - depreciation allowed treated as 'passive' user. - AT

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