Depreciation for Resorts shall be allowed for Entire Year even if used less than 180 Days: ITAT [Read Order]

Depreciation - Resorts - Entire Year - Used Less Than - 180 days - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the depreciation under section 32 of the Income Tax Act, 1961 shall be granted for resorts for the entire year despite the fact that the property was used for less than 180 days in a year. While scrutinizing the balance sheet of the assessee,…

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