Notification No. 49-Income Tax Whereas the Central Government, In exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the income-tax Act, 1961(43 of 1961) (hereinafter referred to as said Act) has framed and notified a scheme for industrial park by the notification of the Government of India in the Ministry of Commerce
It has come to the notice of the Board that divergent practices are being followed while allowing depreciation to EOU/EHTP/ STP units. In the field formations , in some Commissionerates , depreciation is being calculated for full years only.
