https://www.taxtmi.com/highlights?id=67292 Disallowance of depreciation in respect of asset given on lease - the lessee has been given only right to use the asset for the terms of the lease on payment of specified lease rent for a lease period of 10 years - the assessee is entitled for depreciation on the leased asset as per provisions of section 32(1) - CIT(A) after considering relevant facts has rightly deleted additions made by the AO towards disallowance of depreciation - AT en-us Fri, 23 Dec 2022 20:47:02 +0530 Fri, 23 Dec 2022 20:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67292 Disallowance of depreciation in respect of asset given on lease - the lessee has been given only right to use the asset for the terms of the lease on payment of specified lease rent for a lease period of 10 years - the assessee is entitled for depreciation on the leased asset as per provisions of section 32(1) - CIT(A) after considering relevant facts has rightly deleted additions made by the AO towards disallowance of depreciation - AT Highlights Income Tax Fri, 23 Dec 2022 20:47:02 +0530 https://www.taxtmi.com/highlights?id=67292