#section 32
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645 articlesIncome Tax

Income Tax
Depreciation on vehicles cannot be disallowed merely because vehicles been registered in the name of partner
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Income Tax
Depreciation allowable on BOT Assets despite Assessee not being the owner
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Income Tax
Tax Benefit on Acquisition/ Installation of New Plant/ Machinery
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Income Tax
Depreciation @ 40% on vehicles used for running on hire to various parties without agreement allowable
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Banks Cannot Enter Into Operational Leases: ITAT Mumbai
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Income Tax
Sum paid for acquisition of clients of another company is intangible asset and eligible for depreciation
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Sale and Lease Transactions by Banks are Valid and eligible for depreciation
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Leasehold Rights Are Eligible For Depreciation
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WDV has to be arrived at only after reducing depreciation actually allowed
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Income Tax
S. 32 Depreciation allowable on software developed & installed by assessee
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Income Tax
Non-Compete Fee not eligible for depreciation or amortization
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Income Tax
Depreciation not allowable on assets never been put to use
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Income Tax
Air pollution control equipment eligible to 100% depreciation despite forming part of regular plant & machinery
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Income Tax
