| Court: | ITAT Mumbai |
| Head Notes: | For the purpose of treating an asset being office premises as a part of the ‘block of assets’, it is not necessary that the possession of the office premises should have been given to the assessee. Once payment is made and there is a registered agreement, the office premises acquired during the year could be treated as part of the ‘block of assets’ and the said block cannot be regarded as empty for invoking section 50 of the Act. |
| Law: | Income-Tax Act |
| Section(s): | 50 |
| Counsel(s): | Rahul Sarda (for Assessee) and Leyaqat Ali Aafaqui (for Revenue) |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | ITAT Online Manager |
| Date of upload: | February 13, 2026 |
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