Claim of depreciation - Ownership - scope of explanation to ...

Supreme Court rules no depreciation for Assessee Company on hospital building; land ownership remains with partnership firm.

March 22, 2017

Case Laws Income Tax SC

Claim of depreciation - Ownership - scope of explanation to Section 32(1) - Cost of the Hospital building constructed by the partnership firm reimbursed by the Assessee Company - ownership of the land had to remain with the firm, it was also agreed that the land would be given on lease by the firm to the company - depreciation cannot be allowed - SC

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Claim of depreciation - Ownership - scope of explanation to ...

Supreme Court rules no depreciation for Assessee Company on hospital building; land ownership remains with partnership firm.

March 22, 2017

Case Laws Income Tax SC

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