Once the asset merges in block of assets is entitled to get depreciation till the block of asset equals to zero or company is closed

Last updated: 28 November 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
Fact of the case is depreciation on block of asset.

Citation :
ITO, Ward 2 (4), Room No.301, 3rd Floor, CR Building, IP Estate, New Delhi. (Appellant) Vs. Bhandari Engineers & Builders (P) Ltd., 91, Bhandari House, Nehru Place, New Delhi. PAN: AAACB1043K(Respondent)

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CS Bijoy

Published in Income Tax
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Once the asset merges in block of assets is entitled to get depreciation till the block of asset equals to zero or company is closed

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