Disallowance of depreciation - whether price paid for purchase ...

Court Affirms Entire Purchase Price of Flat as Cost; Rejects Unjustified Separation of Land and Building Values.

June 1, 2016

Case Laws Income Tax AT

Disallowance of depreciation - whether price paid for purchase of flat will be taken as the cost of flats - Held Yes - tax authorities are not justified in bifurcating the selling price between the land and building without bringing any material to support their view. - AT

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Disallowance of depreciation - whether price paid for purchase ...

Court Affirms Entire Purchase Price of Flat as Cost; Rejects Unjustified Separation of Land and Building Values.

June 1, 2016

Case Laws Income Tax AT

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