https://www.taxtmi.com/caselaws?id=17902 The court held that the premium paid on leasehold land should be included in the cost of the building for depreciation allowance. This decision was based on a Supreme Court precedent. Regarding the deduction for the PAN catalyst, the court ruled that the assessee could not claim it as a deduction in the assessment year as it had not been sold or disposed of, emphasizing that deductions could only be claimed in the year of sale or disposal, not through writing off the value. The court ruled in favor of the Revenue for both issues. en-us Fri, 10 Jan 1997 00:00:00 +0530 Fri, 25 Sep 2009 15:19:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17902 The court held that the premium paid on leasehold land should be included in the cost of the building for depreciation allowance. This decision was based on a Supreme Court precedent. Regarding the deduction for the PAN catalyst, the court ruled that the assessee could not claim it as a deduction in the assessment year as it had not been sold or disposed of, emphasizing that deductions could only be claimed in the year of sale or disposal, not through writing off the value. The court ruled in favor of the Revenue for both issues. Case-Laws Income Tax Fri, 10 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17902