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Tuesday, 1 January 2013

On Embroidery Machinery 50% depreciation is allowable

ITA 36 & 37/2011/ASR  dated 4-6-12 Amit Embroidery Fair Land Colony
ITA 357/2010/ASR dated 23-4-2012  S.S. Embroiders

The ITAT held that words "processing and garment sector" are wide enough to cover embroidery machinery by inviting refrence to Credit linked Capital Subsidy Scheme

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