An assessee is engaged in the business of refining lubricating oil. Whether additional depreciation is allowed in case of purchase of machinery that is used for refining lubrication oil?
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Addl depreciation
Replies (2)
I don't think additional dep would be allowed as it is allowed only to persons engage in manufacturing business.wait for others too
Yes he can avail additional dep because requirement is using in Manufacturing process not reuired manufacturing busines
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