Tribunal held that asset acquired during running of Hotel business was held to allowable though the Gym equipment installed in premises of assessee’s Managing Director was held to be allowable . ( AY. 2009-10 , 2010-11)
ACIT v. Claridges Hotels Pvt. Ltd. (20180 61 ITR 135 (Delhi) (Trib)
S. 32: Depreciation — Gym equipment installed in premises of assessee’s Managing Director was held to be allowable .[ S. 2(11) ]