Addl depreciation

Tax queries 522 views 2 replies

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?

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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