Assessee denied building depreciation claim; entitled only to Section 24 deduction for property income.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Depreciation on letting out of building for business purposes - For the earlier assessment year, the assessee itself has offered income from letting out property as income from house property. As such, the assessee cannot have any grievance and is entitled to only deduction u/s. 24 of the I.T. Act.....