Monday, May 4, 2015

Section 32: Machinery used for Trial run :Depreication Allowed

[2015] 56 taxmann.com 333 (Delhi)
HIGH COURT OF DELHI
Commissioner of Income-tax, Delhi-IV
v.
Escorts Tractors Ltd
 Even though machinery was installed before end of financial year and used only for trial run and not for production, depreciation on machinery would be allowed

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