https://www.taxtmi.com/caselaws?id=241344 ITAT held that tenancy rights are not intangible assets within Explanation 3 to s.32(1) and therefore no depreciation is allowable on such rights; appeal dismissed on that point. On book profits under s.115JB, the Tribunal held that amounts disallowable under s.14A form part of expenses debited to the profit and loss account and fall within Explanation (1)(f) to s.115JB(2), accordingly disallowance upheld and appeal dismissed. en-us Fri, 23 Aug 2013 00:00:00 +0530 Thu, 25 Sep 2025 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241344 ITAT held that tenancy rights are not intangible assets within Explanation 3 to s.32(1) and therefore no depreciation is allowable on such rights; appeal dismissed on that point. On book profits under s.115JB, the Tribunal held that amounts disallowable under s.14A form part of expenses debited to the profit and loss account and fall within Explanation (1)(f) to s.115JB(2), accordingly disallowance upheld and appeal dismissed. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241344