Provisions of sec. 40(a)(i) are not attracted on dep.
SAB Miller India Ltd. v. ACIT [Mumbai ITAT], ITA No. 7123 of 2012, Date of Decision: July 03, 2015 PROVISIONS OF SECTION 40(A)(I) ARE NOT ATTRACTED ON DEPRECIATION Facts of the case The assessee is engaged in the business of manufacture and sale of beer under the brand names “Haywards & RCPL”. The Assessee-company had …