Claim of depreciation @100% on leased out assets – sale and ...

Leased assets in sale-leaseback eligible for full depreciation if used for business, u/s 32.

June 4, 2014

Case Laws Income Tax AT

Claim of depreciation @100% on leased out assets – sale and lease back - as long as the asset is utilized for the purpose of business of the assessee, the requirement of Section 32 will stand satisfied, notwithstanding non-usage of the asset itself by the assesse - AT

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Claim of depreciation @100% on leased out assets – sale and ...

Leased assets in sale-leaseback eligible for full depreciation if used for business, u/s 32.

June 4, 2014

Case Laws Income Tax AT

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