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Income Tax - Highlights / Catch Notes

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


Depreciation on Land Disallowed: ITAT Affirms No Tax Benefits for Land Under Income Tax Act, 1961.

March 2, 2024

Case Laws     Income Tax     AT

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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