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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Disallowance of depreciation - assessee is not entitled for ...


Depreciation Not Allowed on Land: Separate Land and Building Values for Accurate Depreciation Claims.

December 11, 2017

Case Laws     Income Tax     AT

Disallowance of depreciation - assessee is not entitled for depreciation on the land portion. Hence, bifurcation of the consideration into land and building separately becomes necessary - AT

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