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Deduction for wear and tear

Income Tax (Concessions For Development) Rules, r. 4 · Revised Edition 2020

Where a deduction is allowed under these Rules for capital expenditure on property, including plant and machinery, no deduction shall, during the period of operation of an enterprise, be claimed or allowed on such property under section 12 of the Income Tax Act. CAP. 55. 8 Income and Business Tax CAP. 55.
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