CORPORATE AND PROFESSIONAL UPDATE JULY 23, 2016
Professional Update for the Day: DIRECT TAX: Income Tax: Leasehold rights in a land not eligible for an allowance of depreciation Cyber Park Development & Construction Ltd. v. Deputy Commissioner of Income-tax, Circle 11(2), Bangalore [2016] 71 taxmann.com 210 (Bangalore – Trib.) Income tax: The Central Government amended the notification of the Ministry of Finance (Department of …