ITAT, Hyderabad: Property Ceases to be Business Asset When No Depreciation Claimed - 30.04.2021

Income Tax Appellate Tribunal (ITAT), Hyderabad has ruled that Property ceases to be a business asset when no depreciation is claimed and profit and gain arising out of sale of such property is to be treated as long term capital gain.

Tags : Income Tax Appellate Tribunal Property

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