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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Depreciation - only the lessee can be treated as owner of the ...


Lessee Claims Depreciation in Finance Lease; Lessor Ineligible for Depreciation in Genuine Lease Setup.

June 10, 2014

Case Laws     Income Tax     AT

Depreciation - only the lessee can be treated as owner of the asset in case of a finance lease - No depreciation can be allowed to the lessor in such a case of a genuine finance lease - AT

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