Depreciation on Leased Assets Must Be Allowed in Subsequent Years if Initial Claim is Undisputed: Consistency Principle.

Depreciation on Leased Assets Must Be Allowed in Subsequent Years if Initial Claim is Undisputed: Consistency Principle. https://www.taxtmi.com/highlights?id=49161 Depreciation on assets taken on lease - once any asset enters into block asset and claim of depreciation in very first year is allowed, in subsequent year the deprecation cannot be disallowed in case the first year is not disturbed - claim of depreciation allowed on the issue of consistency - AT en-us Sat, 07 Sep 2019 06:55:09 +0530 Sat, 07 Sep 2019 06:55:09 +0530 TaxTMI RSS Generator Depreciation on Leased Assets Must Be Allowed in Subsequent Years if Initial Claim is Undisputed: Consistency Principle. https://www.taxtmi.com/highlights?id=49161 Depreciation on assets taken on lease - once any asset enters into block asset and claim of depreciation in very first year is allowed, in subsequent year the deprecation cannot be disallowed in case the first year is not disturbed - claim of depreciation allowed on the issue of consistency - AT Highlights Income Tax Sat, 07 Sep 2019 06:55:09 +0530 https://www.taxtmi.com/highlights?id=49161