Held, In the present case the ratio in the case of Techno Shares & Stocks Ltd. v. CIT was no more res integra. Depreciation was allowable on the cost of the membership card under Section 32(1)(ii) of the Income Tax Act, 1961.
Held, In the present case the ratio in the case of Techno Shares & Stocks Ltd. v. CIT was no more res integra. Depreciation was allowable on the cost of the membership card under Section 32(1)(ii) of the Income Tax Act, 1961.
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