Depreciation not allowable on Portion of Factory leased to earn Rent

Sophia Automotive Private Vs ITO (ITAT Chennai)

The assessee has claimed a total depreciation of Rs.51,60,173/- in the profit and loss account towards factory building. While completing the scrutiny assessment for the assessment year 2012-13, the Assessing Officer noted that 50% of the factory building was let out to two different parties as such only 50% of the building was actually used by the assessee and 50% depreciation claim was disallowed for the assessment year 2012-13. On verification of the lease deed for letting o

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