https://www.taxtmi.com/highlights?id=23069 Excess claim of depreciation - Equipments given on hire - cost of acquisition u//s 43(1) - It defies all the logics that any Equipment commercially exploited for at least three months by giving it on hire, after purchase, would fetch the same price at which it was acquired. - AT en-us Sat, 23 May 2015 22:11:41 +0530 Sat, 23 May 2015 22:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23069 Excess claim of depreciation - Equipments given on hire - cost of acquisition u//s 43(1) - It defies all the logics that any Equipment commercially exploited for at least three months by giving it on hire, after purchase, would fetch the same price at which it was acquired. - AT Highlights Income Tax Sat, 23 May 2015 22:11:41 +0530 https://www.taxtmi.com/highlights?id=23069