TMI BlogDisallowance of claim of depreciation on the withholding tax (TDS liability) borne by the assessee,...Disallowance of claim of depreciation on the withholding tax (TDS liability) borne by the assessee, which has been capitalised - There should not be any dispute that the identity and character of the asset, which has entered into the block of asset, would be lost. In the instant case also, the TDS liability borne by the assessee on the premium amount, after it is thrown into the common hotchpotch of block asset in AY 2013-14 has lost its identity and become an inseparable part of block asset ins..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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