https://www.taxtmi.com/highlights?id=7047 MAT - Adjustment of book profit - When the asset has been discarded and dismantled, then in the absence of physical existence of the useful assets, mere retention of the assets in the books of account would not entitled for any depreciation even under the provisions of Companies Act. - AT en-us Thu, 07 Mar 2013 14:36:47 +0530 Thu, 07 Mar 2013 14:36:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=7047 MAT - Adjustment of book profit - When the asset has been discarded and dismantled, then in the absence of physical existence of the useful assets, mere retention of the assets in the books of account would not entitled for any depreciation even under the provisions of Companies Act. - AT Highlights Income Tax Thu, 07 Mar 2013 14:36:47 +0530 https://www.taxtmi.com/highlights?id=7047