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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Disallowance of depreciation on land on which assessee had ...

Income Tax

September 12, 2015

Disallowance of depreciation on land on which assessee had leasehold rights - depreciation cannot be allowed - the lump sum rent paid for the entire period of 30 years has to be considered as revenue expenditure - AT

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