The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 is allowable in respect of the amount paid as a license fee to the Indian Railway. The assessee Corporation is an Authority constituted under the law for the marketing of agricultural produce […]
The post License Fee paid to Indian Railway allowable as Depreciation: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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