COMMISSIONER OF INCOME TAX, KOLKATA vs. M/S. HOOGHLY MILLS CO. LTD
The appeal is allowed
C.A. No.-005149-005149 - 2006Supreme Court22 Nov 2006
For Respondent: M/s. Hoogly Mills Co. Ltd
Section 32Section 4(1)
Income Tax Act states that depreciation is allowable only in respect of
buildings, machinery, plant or furniture, being tangible assets, and know-
how patents, copyrights, trade marks, licenses, franchises or other business
