Claim for Depreciation on Leased Land Initially Disallowed, Later Allowed u/s 32(1)(ii) of Income Tax Act.

Claim for Depreciation on Leased Land Initially Disallowed, Later Allowed u/s 32(1)(ii) of Income Tax Act. https://www.taxtmi.com/highlights?id=17630 Disallowance of the claim of depreciation on fixed assets ‘Land’, taken on lease from OMC on the ground that the rate of depreciation so claimed is lower than the provision u/s 32(1)(ii) - claim allowed - AT en-us Sat, 08 Mar 2014 08:18:12 +0530 Sat, 08 Mar 2014 08:18:12 +0530 TaxTMI RSS Generator Claim for Depreciation on Leased Land Initially Disallowed, Later Allowed u/s 32(1)(ii) of Income Tax Act. https://www.taxtmi.com/highlights?id=17630 Disallowance of the claim of depreciation on fixed assets ‘Land’, taken on lease from OMC on the ground that the rate of depreciation so claimed is lower than the provision u/s 32(1)(ii) - claim allowed - AT Highlights Income Tax Sat, 08 Mar 2014 08:18:12 +0530 https://www.taxtmi.com/highlights?id=17630