Thursday, 7 May 2015

Rule 5 imposing condition of claiming WDV depreciation by due date u/s 139(1) by power generating un

IT : Since under section 32 these is no specific provision of exercising of option of claiming depreciation at percentage specified in second column of table in Appendix-I within a particular time, to said extent condition imposed under rule 5(1A) proviso (ii), is invalid

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