https://www.taxtmi.com/highlights?id=62465 Disallowance of depreciation on plant and machinery installed at customer's premises - the installation of the diagnostic machines owned by the assessee and forming part of its 'Block of assets' at the customers site, being a part of the business of the assessee, and rather as a matter of fact a modus operand! adopted by the assessee to boost its sales of reagents, therefore the latter being found to have duly satisfied the requisite conditions contemplated u/s. 32(1) is thus entitled to deprecation on the said diagnostic machines. - AT en-us Wed, 16 Mar 2022 12:59:16 +0530 Wed, 16 Mar 2022 12:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62465 Disallowance of depreciation on plant and machinery installed at customer's premises - the installation of the diagnostic machines owned by the assessee and forming part of its 'Block of assets' at the customers site, being a part of the business of the assessee, and rather as a matter of fact a modus operand! adopted by the assessee to boost its sales of reagents, therefore the latter being found to have duly satisfied the requisite conditions contemplated u/s. 32(1) is thus entitled to deprecation on the said diagnostic machines. - AT Highlights Income Tax Wed, 16 Mar 2022 12:59:16 +0530 https://www.taxtmi.com/highlights?id=62465