Case Law Details
Case Name : CIT Vs L & T Transportation Infrastructure Ltd. (Madras High Court)
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All High Courts Madras High Court
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CIT Vs L & T Transportation Infrastructure Ltd. (Madras High Court)
It is well-settled that there cannot be two owners of the property simultaneously and int he same sense of the term. The intention of the Legislature in enacting Section 32 of the Act would be best fulfilled by allowing deduction in respect of depreciation to the person in whom for the time-being vests the dominion over the building and who is entitled to use it in his own right and is using the same for the purposes of his business or profession. Assign
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