Depreciation u/s 32 on boundary wall and other structures - ...

Case Laws Income Tax

June 12, 2023

Depreciation u/s 32 on boundary wall and other structures - Purpose of the boundary wall is to provide protection and security to the building and other assets of the company, which are undoubtedly business assets. - If the construction of boundary wall is complete during the current year, the same is eligible to be added to the block of assets and subject to the requirement of law, it is qualified for claiming depreciation. - AT

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Depreciation u/s 32 on boundary wall and other structures - ...

Case Laws Income Tax

June 12, 2023

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