1995 (1) TMI 37 - HC - Income Tax

Summary

The High Court of Madras ruled that registration of conveyance deed transferring buildings by the Government to the assessee is not required for granting depreciation. The court upheld the Tribunal's decision in favor of the assessee, citing a previous case where it was held that in a Government grant, no registration is necessary. The court answered the question in both assessment years in favor of the assessee.