TMI BlogDepreciation on landed property - disallow depreciation on land cost and added back to the total income...Depreciation on landed property - disallow depreciation on land cost and added back to the total income - The ITAT held that Depreciation on landed property is not allowable under the Income Tax Act, 1961. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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