The Commissioner of Income Tax-I vs. Ascend Telecom Infrastructure Private Limited
ITTA/346/2015HC Telangana06 Apr 2016
Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY
Section 11Section 260Section 32
gains of business shall be
computed in accordance with section
30 to section 43C, That, section 32(1)
of the Act provides for depreciation in
respect
of
building,
plant
and
machinery owned by the assessee
and used for the business purposes. It
further provides for deduction subject
to section 34. In that matter also, a
similar argument
