[aaykarbhavan] Lessor could claim depreciation on machinery leased out in course of its business

Lessor could claim depreciation on machinery leased out in course of its business

November 12, 2014[2014] 49 taxmann.com 353 (Karnataka)

IT: Where machinery owned by assessee was leased out in course of carrying out of business, depreciation was to be allowed

IT: Lease equalization reserve amount is required to be added back for arriving at book profit for purpose of section 155A

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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