dissallowance of building depriciation

[anil sharma]

SIR.....PLEASE SOLVE MY QUERIES. I HAVE ONE BUILDNG AND THE ASSETS WAS USED PARTLY FOR BUSSINESS PURPOSE AND PARTLY WE HAVE GAVE ON RENT IN ASS. YR. 2007-2008 .WE Have CLAIMED FULL DEPRICIATION ON BUILDING AND ALSO SHOW RENTAL INCOME OF BUILDING UNDER HOUSE PROPERTY INCOME. NOW A.O SEND ME A DEMAND NOTICE U/S 143(3). IN THIS NOTICE A.O DISALLOWED 60% OF DEPRICIATION.....I DON'T KNOW HOW A.O GET THIS PERCENTAGE... SIR PLEASE SOLVE MY PROBLEM AS SOON AS POSSIBLE .... AND GIVE A REFREANCE OF CASES LAW ALSO, RELATED TO THIS QUERY AND TELL ME YOUR VEIWS, HOW I CAN ALLOWED THE FULL PART OF DEPRICIATION.

AI Summary

Taxpayer Challenges Disallowance of 60% Building Depreciation for 2007-2008; Seeks Guidance Under Section 143(3) (3) A user sought advice on a tax issue involving the disallowance of building depreciation. The building was used partly for business and partly rented out in the assessment year 2007-2008. The user claimed full depreciation and reported rental income as house property income. However, the assessing officer issued a demand notice under section 143(3), disallowing 60% of the depreciation. The user requested guidance on how to justify the full depreciation claim and asked for relevant case law references. Another participant inquired if the issue was resolved, seeking further clarification.