Vehicle used for Display of Advertisement not entitled to Higher Rate of Depreciation: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT)has recently ruled that a higher rate of depreciation cannot be granted to the vehicles used for the display of advertisement under the provisions of the Income Tax Act, 1961. The assessee, an individual who is engaged in the business of advertisement through the display of […]

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