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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Depreciation on boiler leased back - ownership of the impugned ...


Taxpayer Retains Boiler Ownership, Eligible for Depreciation Benefits on Leased Asset Used in Business Operations.

April 25, 2016

Case Laws     Income Tax     AT

Depreciation on boiler leased back - ownership of the impugned asset was with the assessee and the same was used for the purpose of business of leasing carried on by the assessee; under these circumstances the assessee was entitled for the benefit of depreciation - AT

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