Title in Immovable Property cannot Pass unless executed on Proper Stamp Paper

Advocate Akhilesh Kumar Sah Entitlement To Depreciation: When An Assessee Holds Ownership Or A Lease Right Or Other Right Of Occupancy And Any Capital Expenditure Is Incurred By Him. Title In The Immovable Property Cannot Pass When Its Value Is More Than Rs.100 Unless It Is Executed On A Proper Stamp Paper And Is Also Duly Registered With The Sub-Registrar Section 32 of the Income Tax Act, 1961(herein short referred to as ‘the Act’) deals with the depreciation. A very recent decision of Hon’ble Supreme Court in respect of a claim of depreciation and transfer an immovable property exc...