Statute does not prescribe a minimum time-limit for use of the machinery and hence the assessee cannot be denied the benefit of depreciation on the ground that the machinery was used for a very short duration for trial run - Tri - Income Tax - Highlights

Income Tax - Dated - 25-11-2013 - Statute does not prescribe a minimum time-limit for use of the machinery and hence the assessee cannot be denied the benefit of depreciation on the ground that the machinery was used for a very short duration for trial run - Tri - TMI Tax Updates - Highlights ................................... Income Tax - Highlights