Sec-32
When LAND is leased assessee & any exp is incurred for constructn of any structure or doing any work on building which is put up/constructed on such leased land SHALL NOT ATTRACT EXPLN.1 to S-32 & therefore not eligible for the purpose of claiming depreciation
CIT Vs. TVS Lean Logistic Ltd. (Mad.)
When LAND is leased assessee & any exp is incurred for constructn of any structure or doing any work on building which is put up/constructed on such leased land SHALL NOT ATTRACT EXPLN.1 to S-32 & therefore not eligible for the purpose of claiming depreciation
CIT Vs. TVS Lean Logistic Ltd. (Mad.)
No comments:
Post a Comment