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Q. > Please Help: loss on unused discarded assets in the case of a Govt Co
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339 views • Question added Jun 06, 2015 • Income Tax • By B C Jain , CA , KolkataM.C.


a boiler was being installed in a power co , but it was not found to be useful and therefore the value thereof was discarded after 2 years ? The co claims it be a revenue exp , whereas the dept disallows it as capital loss ? pl advise correct position

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