Allowable expenditure for income tax purposes


T S D ( )     07 January 2013

T S D
 
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Whether writing off as impairment of assets according to AS 28 is allowable under Income Tax Act, 1961? If yes, Kindly mention the section reference and case law reference if any.

avater

MAHESH GARG (AUDIT EXECUTIVE)     08 January 2013

MAHESH GARG
AUDIT EXECUTIVE 
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No it is not an allowable expenditure under income tax act.


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