Supreme Court · 1999 INSC 376 · Decided 1 September 1999
Mysore Minerals LTD., M.G. Road, Bangalore v. Commissioner of Income Tax, Karnataka, Bangalore
- Court
- Supreme Court of India
- Citation
- 1999 INSC 376 · [1999] SUPP. 2 S.C.R. 182
- Case number
- CIVIL APPEAL No. 5374/1994
- Decided
- 1 September 1999
- Bench
- S. RAJENDRA BABU, R.C. LAHOTI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 54; Registration Act; Income Tax Act Section 32(1)
Headnote
MINERALS LTD., M.G. ROAD, BANGALORE v. COMMISSIONER OF INCOME TAX, KARNATAKA, aANGALORE SEPTEMBER 1, 1999 B [S. RAJENDRA BABU AND R.C. LAHOTI, JJ:] Income tax Act, 1961: Section 32(1)-AY 1981-82_.:._Depreciation-Claim of-Expression C "building owned by the assessee"-Meaning and scope not executed by the Housing Board-Held: The said expression refers to the person in whom for D the time being vests the dominion over, and the right to use, the building and who is actually using the building for the purpose of his business or profession-Hence, assessee entitled to claim
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