Depreciation on assets taken on lease - once any asset enters ...

Depreciation on Leased Assets Must Be Allowed in Subsequent Years if Initial Claim is Undisputed: Consistency Principle.

September 7, 2019

Case Laws Income Tax AT

Depreciation on assets taken on lease - once any asset enters into block asset and claim of depreciation in very first year is allowed, in subsequent year the deprecation cannot be disallowed in case the first year is not disturbed - claim of depreciation allowed on the issue of consistency - AT

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Depreciation on assets taken on lease - once any asset enters ...

Depreciation on Leased Assets Must Be Allowed in Subsequent Years if Initial Claim is Undisputed: Consistency Principle.

September 7, 2019

Case Laws Income Tax AT

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