depreciation on land and building

as to the best of my knowledge, depreciation on land is not allowed.

as far as bifurcation is concerned, FMV as on date may be taken as a base (as it is a newly purchased buildind)

HI..

As per decision in CIT vs Rajesh Exports Ltd 9 SOT 28(Bangalore) In case of a composit agreement for pur of land & building where seperate distinction can't be made about the price of each, dep is admissible on whole consideration.

Regards,

Thank you Mr. Abhinav

But i am unable to find that case law. Can you please send me a link to that case law? or send me copy of the same on nayan_chuttar @ hotmail.com

no dep on land as per income tax.....