Trump Signs Tax Bill Reinstating 100% Bonus Depreciation for Business Aircraft Independence Day legislation includes permanent full expensing for new and used aircraft in business operations.

In this week's AirMail Focus, aviation tax attorney Suzanne Levy, of Advocate Consulting Legal Group, helps aircraft owners consider their options as 100% bonus depreciation returns.

ITAT Mumbai held that depreciation of amalgamating company cannot be disallowed merely for non-filing of Form No. 62 which is only directory. Thus, non-compliance of the same would not disentitle the ...