CIT v. Smt.A.Sivakami & Another2010
Assessee is eligible to claim depreciation on the busses not registered in her name but she is beneficial owner. Owner is a person who is entitled to receive income from property in his own right. Owner need not necessarily b lawful owner entitled to pass on the title of property to another
Assessee is eligible to claim depreciation on the busses not registered in her name but she is beneficial owner. Owner is a person who is entitled to receive income from property in his own right. Owner need not necessarily b lawful owner entitled to pass on the title of property to another
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