https://www.taxtmi.com/highlights?id=34635 Depreciation on lease hold building and plant & machinery - AO has misconstrued whole constitution of the Society. He was not justified to assume that three governments who are promoters of the Society have given subsidy instead of contribution for creation of the Society. Here the governments are doing business themselves by constituting the Society. - Depreciation allowed - AT en-us Wed, 03 May 2017 08:34:20 +0530 Wed, 03 May 2017 08:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34635 Depreciation on lease hold building and plant & machinery - AO has misconstrued whole constitution of the Society. He was not justified to assume that three governments who are promoters of the Society have given subsidy instead of contribution for creation of the Society. Here the governments are doing business themselves by constituting the Society. - Depreciation allowed - AT Highlights Income Tax Wed, 03 May 2017 08:34:20 +0530 https://www.taxtmi.com/highlights?id=34635