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ITC on Demo Cars - An Unanswered Question

February 7, 2020[2020] 114 taxmann.com 120 (Article)
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Demo vehicles are purchased by authorised dealers against tax invoices from manufacturer of vehicles A demo vehicle is an indispensable tool for promotion of sale by providing trial run to the customers. Demo vehicles are capitalised in the books of accounts of these authorised dealers. A customer can understand the features of the vehicle during trial run.
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