Even oral understanding is sufficient to entail depreciation claim of the lessee

IN THE ITAT DELHI BENCH ‘F’ Income-tax Officer, Ward 15(4), New Delhi versus RSG Media (P.) Ltd. IT APPEAL NO. 2018 (DELHI) OF 2010 [ASSESSMENT YEAR 2006-07] JULY 20, 2012 ORDER T.S. Kapoor, Accountant Member This is an appeal filed by revenue against the order of CIT(A) dated 01-02-2010. The grounds of appeal are as under :-  1.  On the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in deleting the addition of Rs. 371402/- made by the A.O. on account of disallowance of depreciation claimed by the assessee on renovation of the propert...