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Depreciation on machinery was to be allowed even if it was used only for trial production: Bombay HC
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Corporate Tax
Depreciation on machinery was to be allowed even if it was used only for trial production: Bombay HC
Posted on
on
February 7, 2018
Tenet Tax Daily February 03 2018
By
tenettax-team
Corporate Tax
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Furniture & equipment on leased business premises were entitled to 100% dep: Madras HC
No reassessment after 4 years when assessee had already disclosed details of investment & exp. at assessment stage
