The properties acquired by the assessee during the year were ...
Properties Acquired for Business Use Qualify for Depreciation; No Income Added u/s 22 for House Property.
July 29, 2015
Case Laws Income Tax AT
The properties acquired by the assessee during the year were being used for the purpose of business and, therefore, the assessee was entitled for the depreciation, and no question of adding annual value as income from house property under section 22 arises - AT
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