Entitled to a claim of depreciation allowance on the assets of ...

Shrine Management Units Can Claim Depreciation Allowance via Capital Expenditure, Not u/s 32(1) of Income Tax Act.

May 3, 2018

Case Laws Income Tax AT

Entitled to a claim of depreciation allowance on the assets of its’ unit managing shrines (holy places) - Without doubt, the same is admissible - However, the same would not be u/s 32(1), but as part of application of income towards capital expenditure - AT

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Entitled to a claim of depreciation allowance on the assets of ...

Shrine Management Units Can Claim Depreciation Allowance via Capital Expenditure, Not u/s 32(1) of Income Tax Act.

May 3, 2018

Case Laws Income Tax AT

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