Held that depreciation is allowable on the expenditure incurred in acquiring leasehold rights. (AY.2010-11)
Bangalore International Airport Ltd. v. Dy. CIT (2023)457 ITR 229/146 taxmann.com 206 / 335 CTR 586(Karn)(HC)
S. 32 : Depreciation-Intangible asset-Leasehold right-Depreciation is allowable.