Disallowance of depreciation on land on which assessee had ...

Depreciation Denied: Lump Sum Rent for Leasehold Land is Revenue Expenditure, Not Depreciable Asset.

September 12, 2015

Case Laws Income Tax AT

Disallowance of depreciation on land on which assessee had leasehold rights - depreciation cannot be allowed - the lump sum rent paid for the entire period of 30 years has to be considered as revenue expenditure - AT

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Disallowance of depreciation on land on which assessee had ...

Depreciation Denied: Lump Sum Rent for Leasehold Land is Revenue Expenditure, Not Depreciable Asset.

September 12, 2015

Case Laws Income Tax AT

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