Depreciation disallowed on medical instruments given on lease ...

Depreciation on leased medical instruments disallowed post-business closure; "used" includes ready-for-use status, allowing passive use.

March 23, 2013

Case Laws Income Tax AT

Depreciation disallowed on medical instruments given on lease due to closure of business - The word 'used' would include actual use or at least keep ready for use - depreciation allowed treated as 'passive' user. - AT

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Depreciation disallowed on medical instruments given on lease ...

Depreciation on leased medical instruments disallowed post-business closure; "used" includes ready-for-use status, allowing passive use.

March 23, 2013

Case Laws Income Tax AT

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