TMI BlogDepreciation Allowed: Leasehold Land Use Rights Recognized as Intangible Asset, Uncontested by Tax Authorities.Disallowance of deprecation claimed on “right to use leasehold land” - the recognition of the right to use lease hold land as intangible asset as per the statement of account and the same was not disputed by the Department at any stage. - Claim allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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