CIT(A) Correctly Allows Depreciation on Quarry Land Despite AO's Disallowance Under Income Tax Act Section 32.

CIT(A) Correctly Allows Depreciation on Quarry Land Despite AO's Disallowance Under Income Tax Act Section 32. https://www.taxtmi.com/highlights?id=36233 Depreciation on Quarry Land & Development - AO disallowed the claim of deprecation as, there is no block for such asset in the Income Tax Act to claim depreciation U/s 32 - CIT(A) has allowed the depreciation correctly. en-us Wed, 06 Sep 2017 17:39:09 +0530 Wed, 06 Sep 2017 17:39:24 +0530 TaxTMI RSS Generator CIT(A) Correctly Allows Depreciation on Quarry Land Despite AO's Disallowance Under Income Tax Act Section 32. https://www.taxtmi.com/highlights?id=36233 Depreciation on Quarry Land & Development - AO disallowed the claim of deprecation as, there is no block for such asset in the Income Tax Act to claim depreciation U/s 32 - CIT(A) has allowed the depreciation correctly. Highlights Income Tax Wed, 06 Sep 2017 17:39:09 +0530 https://www.taxtmi.com/highlights?id=36233