IT : Payment made to acquire leasehold rights in premises for carrying on business to be recognized as intangible asset eligible for depreciation at rate of 25 per cent

IT : Payment made to acquire leasehold rights in premises for carrying on business to be recognized as intangible asset eligible for depreciation at rate of 25 per cent

IT : Where assessee had acquired leasehold rights of another firm along with goodwill, furniture, interiors, depreciation on goodwill was allowable at 25 per cent and depreciation on furniture and interiors to be allowed at 10 per cent

[2013] 39 taxmann.com 196 (Hyderabad - Trib.)

IN THE ITAT HYDERABAD BENCH 'B'

Tirumala Music Centre (P.) Ltd.

v.

Assistant Commissioner of Income-tax