The Income Tax Appellate Tribunal (ITAT), Mumbai ruled that Mahindra & Mahindra is entitled to depreciation on Capital Expenditure of exchange fluctuation loss. The assessee, Mahindra & Mahindra is engaged in the business of manufacturing and sale of on-road automobiles, agricultural tractor implements, engine parts and accessories of motor vehicle rendering services, property development activity, […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2ZVGppK
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