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Court Rules 10% Depreciation Rate for Leasehold Improvements; Ownership Status Doesn't Affect Expenditure Nature.

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....Depreciation @ 10% on improvements carried out in the lease hold premises - Assessee claimed 100% depreciation on the leasehold improvements - The ingredients and prerequisites of a capital expenditure or revenue expenditure would remain the same, and not undergo any change depending on whether the building is owned or occupied as lessee or other occupancy rights leased premises. - AT....

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Court Rules 10% Depreciation Rate for Leasehold Improvements; Ownership Status Doesn't Affect Expenditure Nature.