https://www.taxtmi.com/caselaws?id=29272 The High Court of Bombay ruled in favor of the assessee, determining that they were the rightful owner of the cinema theatre during the lease period and thus entitled to claim depreciation under section 32 of the Income-tax Act, 1961. The court concluded that ownership during the lease period allowed the assessee to claim depreciation on the cinema theatre and related assets, affirming their entitlement to depreciation benefits. en-us Fri, 09 Jul 1982 00:00:00 +0530 Thu, 11 Mar 2010 18:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29272 The High Court of Bombay ruled in favor of the assessee, determining that they were the rightful owner of the cinema theatre during the lease period and thus entitled to claim depreciation under section 32 of the Income-tax Act, 1961. The court concluded that ownership during the lease period allowed the assessee to claim depreciation on the cinema theatre and related assets, affirming their entitlement to depreciation benefits. Case-Laws Income Tax Fri, 09 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29272