[aaykarbhavan] WDV of building on leasehold land couldn’t be claimed as current repairs if assessee didn’t construct such building

 

WDV of building on leasehold land couldn't be claimed as current repairs if assessee didn't construct such building

April 30, 2015[2015] 56 taxmann.com 167 (Cochin - Trib.)

IT: Where assessee had not constructed any building or had modified existing building after taking premises on lease, assessee's claim of written down value of said building on leasehold land as current repair would not be allowed

IT: Where assessee paid tax deducted at source before due date for filing return of income, disallowance under section 40(a)(ia) is not justified

Regards

Prarthana Jalan

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

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