An assessee depreciated the machinery of his factory by 10% each in the first two years and by 40% in the third year and thereby claimed 21% average depreciation relief from taxation department, but...

An assessee depreciated the machinery of his<br>factory by 10% each in the first two years and<br>by 40% in the third year and thereby claimed<br>21% average depreciation relief from taxation<br>department, but the I.T.O. objected and allowed<br>only 20% Show which of the two is right.<br>

Extracted text: An assessee depreciated the machinery of his factory by 10% each in the first two years and by 40% in the third year and thereby claimed 21% average depreciation relief from taxation department, but the I.T.O. objected and allowed only 20% Show which of the two is right.

Jun 10, 2022

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An assessee depreciated the machinery of his factory by 10% each in the first two years and by 40% in the third year and thereby claimed 21% average depreciation relief from taxation department, but...

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