3 Section 32 - Depreciation – Additional depreciation – Condition precedent – Manufacture of article – Assessee need not be principally engaged in manufacture – Assessee entitled to additional depreciation on plant and machinery used in manufacture of ready mix concrete
K. B. Bhujle, Advocate
Cherian Varkey Construction Co. (P) Ltd.
vs. UOI; 406 ITR 262 (Ker): Date of order:
19th December, 2017