https://www.taxtmi.com/forum/issue?id=3780 Apportionment of depreciation arises where a single building is used partly for business and partly let out; the issue is whether the assessee may claim full depreciation on the entire asset while treating rental receipts separately. The assessing officer disallowed the portion of depreciation attributable to the let-out use. The operative requirement is evidentiary and accounting allocation showing extent of business use; depreciation for mixed use is generally apportioned pro rata to the business portion unless a lawful basis for whole-asset depreciation is demonstrated. en-us Sat, 04 Feb 2012 09:07:04 +0530 Thu, 23 Jan 2025 15:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3780 Apportionment of depreciation arises where a single building is used partly for business and partly let out; the issue is whether the assessee may claim full depreciation on the entire asset while treating rental receipts separately. The assessing officer disallowed the portion of depreciation attributable to the let-out use. The operative requirement is evidentiary and accounting allocation showing extent of business use; depreciation for mixed use is generally apportioned pro rata to the business portion unless a lawful basis for whole-asset depreciation is demonstrated. Discussion-Forum Income Tax Sat, 04 Feb 2012 09:07:04 +0530 https://www.taxtmi.com/forum/issue?id=3780