https://www.taxtmi.com/caselaws?id=6977 Lease rent paid for earlier years on leased land could not be added to the cost of the cinema building for depreciation. Depreciation was allowable only on the building, not on the land, and expenditure directly referable to land did not become part of the building cost merely because it was incurred before production commenced or was capitalised in commercial accounts. The practical link between land and superstructure did not override the statutory distinction between them, and authorities on actual cost were inapplicable because they did not involve rent for leased land being included in the depreciable cost of a building. en-us Thu, 24 Aug 1967 00:00:00 +0530 Sat, 07 Feb 2009 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6977 Lease rent paid for earlier years on leased land could not be added to the cost of the cinema building for depreciation. Depreciation was allowable only on the building, not on the land, and expenditure directly referable to land did not become part of the building cost merely because it was incurred before production commenced or was capitalised in commercial accounts. The practical link between land and superstructure did not override the statutory distinction between them, and authorities on actual cost were inapplicable because they did not involve rent for leased land being included in the depreciable cost of a building. Case-Laws Income Tax Thu, 24 Aug 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6977