Thursday, May 13, 2021

Roads developed and maintained under an agreement with State Govt. is eligible for depreciation at the rate of 10%

INCOME TAX : Assessee was entitled to claim depreciation at rate of 10 per cent on roads developed and maintained by it under an agreement with State Government treating same as building

from www.taxmann.com Latest Case Laws https://ift.tt/3yapgcj
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...