Depreciation - ownership - the technicality of an asset being ...

Depreciation Claim Valid Even if Asset Registered Elsewhere, Provided De Facto Ownership and Business Use Exist.

January 28, 2015

Case Laws Income Tax AT

Depreciation - ownership - the technicality of an asset being registered in the name of the asset can not come in the way of an assessee’s eligibility for depreciation as long as such an asset is de facto owned by the assessee and is used for the purposes of the business. - AT

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Depreciation - ownership - the technicality of an asset being ...

Depreciation Claim Valid Even if Asset Registered Elsewhere, Provided De Facto Ownership and Business Use Exist.

January 28, 2015

Case Laws Income Tax AT

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