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Income Tax - Highlights / Catch Notes

Home Highlights March 2024 Year 2024 This

Depreciation on landed property - disallow depreciation on land ...

Case Laws     Income Tax

March 2, 2024

Depreciation on landed property - disallow depreciation on land cost and added back to the total income - The ITAT held that Depreciation on landed property is not allowable under the Income Tax Act, 1961.

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