Taxpayer's Depreciation Claim on Leasehold Rights Revised u/s 263; Stamp Duty Expenses Not Eligible for Depreciation.

Taxpayer's Depreciation Claim on Leasehold Rights Revised u/s 263; Stamp Duty Expenses Not Eligible for Depreciation. https://www.taxtmi.com/highlights?id=54258 Revision u/s 263 - claim for depreciation on the leasehold rights - claim of depreciation of capitalized amount of stamp duty Paid - Allowing of the assessee’s claim for depreciation on the stamp duty expenses (pending registration) by the A.O cannot be held to a possible view in law, therefore, no infirmity arises from the order passed by the Pr. CIT u/s 263 - AT en-us Wed, 05 Aug 2020 09:53:49 +0530 Wed, 05 Aug 2020 09:53:49 +0530 TaxTMI RSS Generator Taxpayer's Depreciation Claim on Leasehold Rights Revised u/s 263; Stamp Duty Expenses Not Eligible for Depreciation. https://www.taxtmi.com/highlights?id=54258 Revision u/s 263 - claim for depreciation on the leasehold rights - claim of depreciation of capitalized amount of stamp duty Paid - Allowing of the assessee’s claim for depreciation on the stamp duty expenses (pending registration) by the A.O cannot be held to a possible view in law, therefore, no infirmity arises from the order passed by the Pr. CIT u/s 263 - AT Highlights Income Tax Wed, 05 Aug 2020 09:53:49 +0530 https://www.taxtmi.com/highlights?id=54258