Depreciation
Last updated: 04 September 2008
Court :
Brief :
Citation :
ALLIED ELECTRONICS AND MEGNATICS LTD. Vs. DEPUTY COMMISSIONER OF INCOME TAX
Decision:
Held by the Hon`ble Court that, machinery must have been used for the purpose of business of the asessee and there is concurrent finding by the tribunal that the machinery was not used at all during the relevant previous year, therefore assessee is not entitle to claim depreciation
CA. A. Kumar
Published in Income Tax
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