Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]

While allowing a plea of Nestle India, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim for depreciation under section 32 of the Income Tax Act, 1961 cannot be denied to the assessee merely on the ground that the subject assets had not been put to use as the […]

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