Sunday, July 26, 2020

ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed AO to allow depreciation on the actual cost of assets without reducing the amount of subsidy to Nestle India. The assessee company, Nestle India is a manufacturer of a wide range of food items covering beverages, baby food powders, chocolates and confectionery, culinary products, etc. The […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2EcpA2v

No comments:

Post a Comment