Depreciation on Unused Capital Spares Allowed as Expenses; Purchased for Emergency Use by Assessee.

Depreciation on Unused Capital Spares Allowed as Expenses; Purchased for Emergency Use by Assessee. https://www.taxtmi.com/highlights?id=44160 Deprecation on capital spares - spares have not been put to use during the relevant period - it is not in dispute that the capital spares were purchased and kept ready for use in case of emergency by the assessee and as such allowable expenses on account of depreciation en-us Tue, 29 Jan 2019 08:13:11 +0530 Tue, 29 Jan 2019 08:13:11 +0530 TaxTMI RSS Generator Depreciation on Unused Capital Spares Allowed as Expenses; Purchased for Emergency Use by Assessee. https://www.taxtmi.com/highlights?id=44160 Deprecation on capital spares - spares have not been put to use during the relevant period - it is not in dispute that the capital spares were purchased and kept ready for use in case of emergency by the assessee and as such allowable expenses on account of depreciation Highlights Income Tax Tue, 29 Jan 2019 08:13:11 +0530 https://www.taxtmi.com/highlights?id=44160