Depreciation on lease hold building and plant & machinery - AO ...

AO Misinterprets Society's Constitution; Depreciation on Leasehold Building, Plant, and Machinery Allowed for Government Business.

May 3, 2017

Case Laws Income Tax AT

Depreciation on lease hold building and plant & machinery - AO has misconstrued whole constitution of the Society. He was not justified to assume that three governments who are promoters of the Society have given subsidy instead of contribution for creation of the Society. Here the governments are doing business themselves by constituting the Society. - Depreciation allowed - AT

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Depreciation on lease hold building and plant & machinery - AO ...

AO Misinterprets Society's Constitution; Depreciation on Leasehold Building, Plant, and Machinery Allowed for Government Business.

May 3, 2017

Case Laws Income Tax AT

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