The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 is allowable on the tenancy rights. The assessee, M/s Premier Book Company has claimed depreciation of Rs. 5,41,406/- @ 25% on the tenancy rights while filing their income tax return for the […]
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http://dlvr.it/S5dtLM
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