[aaykarbhavan] Double deduction - depreciation on fixed assets: explanation 5 to sec 32

Double deduction - depreciation on fixed assets - entire expenditure incurred towards purchase of fixed assets has already been claimed in entirety earlier - held that:- Explanation 5 to section 32 specifically provides that the assessee shall be entitled for depreciation in spite of the fact that the assessee had claimed the deduction in respect of depreciation in computing his total income or not. - Tribunal has rightly allowed the depreciation in respect of the assets of the respondent. - Decided in favor of assessee. 

 

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___