Depreciation u/s 32 not allowable in respect of assets shared with sister concern

Advertisement Radisson Hospitality Vs ACIT (ITAT Delhi) ITAT Delhi held that depreciation in respect of the assets shared with the sister concern under the license agreement cannot be claimed u/s. 32 of the Income Tax Act, 1961. Facts- The assessee/ appellant is a company incorporated under the Companies Act, 1956 and engaged in the business of providing sales and marketing and reservation support services to Carlson Rezidor Group’s affiliated hotels. Case was taken for scrutiny assessment and statutory notice u/s 143(2) of the Act was issued. AO inquired as to why half of the depreciatio...