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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