COMMISSIONER OF INCOM&TAX versus TATA IRON AND STEEL CO. LTD.
Depreciation depends on the amount received to obtain the original value of the asset loan. The asset loan or loan method or non-payment of debt will result in no change in the value of the asset, resulting in the benefit of paying the installments or Will be damaged. There will be no change in the expenditure on the purchase of assets under the Indian Income Tax Act, 1961, sections 32 and 48 (a) (ii) computing foreign debt.
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