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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Depreciation on residential property - AO directed to allow ...


Taxpayer's Depreciation on Residential Property Allowed, Verify Section 24(a) Deduction for Disallowance.

January 13, 2020

Case Laws     Income Tax     AT

Depreciation on residential property - AO directed to allow depreciation as claimed by the assessee on residential premises, but verify the fact with regard to deduction claimed u/s 24(a) - In case, the assessee claimed deduction u/s 24(a), then the same needs to be disallowed.

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