https://www.taxtmi.com/caselaws?id=340441 The Supreme Court upheld the High Court's decision that the appellant did not acquire ownership of the property in question due to lack of proper registration. The claim for depreciation under Section 32 of the Income Tax Act was denied as the appellant did not own the property and did not meet the requirements of Explanation 1 to Section 32. The court dismissed the appeal, affirming that the appellant was not entitled to ownership rights or depreciation claims in this case. en-us Wed, 08 Mar 2017 00:00:00 +0530 Tue, 09 May 2017 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340441 The Supreme Court upheld the High Court's decision that the appellant did not acquire ownership of the property in question due to lack of proper registration. The claim for depreciation under Section 32 of the Income Tax Act was denied as the appellant did not own the property and did not meet the requirements of Explanation 1 to Section 32. The court dismissed the appeal, affirming that the appellant was not entitled to ownership rights or depreciation claims in this case. Case-Laws Income Tax Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340441