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Whether Depreciation u/s 32 AC is allowable for Land purcahased under lease (minning Lease), Income Tax

Issue Id: - 108682
Dated: 1-6-2015
By:- gaurav goyal

Whether Depreciation u/s 32 AC is allowable for Land purcahased under lease (minning Lease)


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Dear Sir/Madam,

I had purchased the Minning lease land for 30 Years therefore please guide me whether this expenditure claim u/s 32 or 37 of Income tax act.

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