Supreme Court · 1998 INSC 220 · Decided 6 May 1998
The Commissioner of Income Tax, Delhi v. M/S Hindustan Times LTD. New Delhi
- Court
- Supreme Court of India
- Citation
- 1998 INSC 220 · [1998] 3 S.C.R. 197
- Case number
- CIVIL APPEAL No. 1225/1990
- Decided
- 6 May 1998
- Bench
- SUJATA V. MANOHAR, M. JAGANNADHA RAO (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 256(2)
Headnote
Income Tax Act, I961 : Sections 32(1) and 256 (2). Income Tax-Depreciation-Purchase of existing residential building hy assessee-Wanted to use that building for commercial purposes-Assessee paid commercialisation charges in addition to ground rent-Original building demolished and a new Assessee paid Rs. 36,96,516 for using the multi-storeyed building for commercial purposes containing an area in excess of original built up , area-Assesse added this amount to the cost of building constructed by it and claimed depreciation on the same-Claim allowed by Commissioner (Appeals) as
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