Bombay High Court rejected the claim of depreciation on the
Court :
Bombay High Court
Brief :
Recently, the Bombay High Court in the case of various stock broking
houses1 held that the depreciation cannot be granted on Bombay Stock
Exchange Membership Card (BSE card) acquired on or after 1 April 1998 either by nomination or directly through the stock exchange.
Citation :
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Jinesh Bhagdev
Published in Income Tax
Views : 2531
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