https://www.taxtmi.com/highlights?id=22434 Disallowance of depreciation on leased assets - As the owner, it used the assets in the course of its business, satisfying both requirements of Section 32 of the Act and hence, is entitled to claim depreciation in respect of additions made to the trucks, which were leased out - AT en-us Thu, 09 Apr 2015 06:12:29 +0530 Thu, 09 Apr 2015 06:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=22434 Disallowance of depreciation on leased assets - As the owner, it used the assets in the course of its business, satisfying both requirements of Section 32 of the Act and hence, is entitled to claim depreciation in respect of additions made to the trucks, which were leased out - AT Highlights Income Tax Thu, 09 Apr 2015 06:12:29 +0530 https://www.taxtmi.com/highlights?id=22434