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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Depreciation on building - though the assessee might have taken ...


Depreciation Dispute: Assessee Challenges Building Use Date Due to Required Maintenance Before Operational Use.

April 5, 2017

Case Laws     Income Tax     AT

Depreciation on building - though the assessee might have taken possession of the property on 31.03.2007, there was no possibility for the building to be put to use on the same day. It is obvious that after purchase of the building some basic maintenance work would have been required before putting the asset to use. - AT

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