https://www.taxtmi.com/forum/issue?id=108682 The taxpayer purchased a mining lease in respect of land for a thirty-year term and asks whether the expenditure qualifies for depreciation under section 32 or should instead be claimed as an ordinary business deduction under section 37 of the Income Tax Act, focusing on the correct classification and tax head for the deduction. en-us Mon, 01 Jun 2015 18:32:36 +0530 Thu, 23 Jan 2025 15:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108682 The taxpayer purchased a mining lease in respect of land for a thirty-year term and asks whether the expenditure qualifies for depreciation under section 32 or should instead be claimed as an ordinary business deduction under section 37 of the Income Tax Act, focusing on the correct classification and tax head for the deduction. Discussion-Forum Income Tax Mon, 01 Jun 2015 18:32:36 +0530 https://www.taxtmi.com/forum/issue?id=108682