Depreciation on Tenancy Rights allowable under the Income Tax Act


Last updated: 17 August 2021

Court :
ITAT Delhi

Brief :
In M/s Premier Book Company v. The Additional. C.I.T Circle- 30(1) New Delhi [ITA No. 5149/DEL/2014 dated August 11, 2021], M/s Premier Book Company ("the Appellant") has filed the current appeal challenging the order by the Commissioner of Income Tax (Appeals) ("the CIT(A)") dated June 03, 2016 pertaining to Assessment Year ("A.Y") 2010-11, which upheld the disallowance of depreciation on tenancy rights.

Citation :
ITA No. 5149/DEL/2014 dated August 11, 2021

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Bimal Jain
Published in Income Tax
Views : 155

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