Wednesday, March 15, 2017

Additional depreciation should be allowed on machinery installed subsequent to year of acquisition

The High Court of Gujarat held that additional depreciation to be allowed to assessee on plant and machinery acquired during assessment year but installed after end of year.
Principal Commissioner of Income-tax, Vadodara-2 v. IDMC Ltd.* [2017] 78 taxmann.com 285 (Gujarat)

0 comments:

Post a comment