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Case Law Details

Case Name : Shri Prashant Jayantilal Patel Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2013-14
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Shri Prashant Jayantilal Patel Vs DCIT (ITAT Mumbai) The sole subject matter of present appeal is to adjudicate whether the assessee would be eligible to claim depreciation on certain premises, which although forms part of block of assets,has been let out during the impugned AY & earned certain rental income which has been assessed as Income from House Property against which statutory deduction has been allowed to the assessee u/s 24. Held- The undisputed position that emerges is that the assessee has earned rental income from certain office premises which forms part of the block of asset...
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