Depreciation Limited to 1/10th: 10% of Property Let Out for Admin Use, Rest Used by Assessee.

Depreciation Limited to 1/10th: 10% of Property Let Out for Admin Use, Rest Used by Assessee. https://www.taxtmi.com/highlights?id=26811 Depreciation - only 10% area was let out by the assessee to its associated concerns for administrative work whereas the remaining area was being used by it. Thus, depreciation only to the extent of 1/10th was disallowed - HC en-us Wed, 06 Jan 2016 12:47:36 +0530 Wed, 06 Jan 2016 12:47:36 +0530 TaxTMI RSS Generator Depreciation Limited to 1/10th: 10% of Property Let Out for Admin Use, Rest Used by Assessee. https://www.taxtmi.com/highlights?id=26811 Depreciation - only 10% area was let out by the assessee to its associated concerns for administrative work whereas the remaining area was being used by it. Thus, depreciation only to the extent of 1/10th was disallowed - HC Highlights Income Tax Wed, 06 Jan 2016 12:47:36 +0530 https://www.taxtmi.com/highlights?id=26811