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Case law on cit v/s rajesh exports ltd. 9 sot 28

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Hi All..

Can any 1 provide me with the Judgement of Case Law on CIT V/s Rajesh Exports Ltd. 9 SOT 28 Bangalore ???

Its Bit Urgent.

Thanks in Advance.....

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2 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 22 December 2012

Originally posted by : Vivek B. Bhinde
	Hi All.. Can any 1 provide me with the Judgement of Case Law on CIT V/s Rajesh Exports Ltd. 9 SOT 28 Bangalore ??? Its Bit Urgent. Thanks in Advance.....

Where the assessee purchases a building and the purchase price (as per sale deed) is a composite one (sale deed does not indicate the prices of land and building separately), then no distinction at least in the consideration paid to the vendor can be made and the entire amount is qualified for depreciation. However, if there is a clear-cut identity in respect of price paid to the land and building (i.e., the sale deed indicates price of land and building separately), then depreciation is available only on the building
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CIT v. Rajesh Exports Ltd. [2006] 9 SOT 28 (Bang.) (URO).
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https://finance.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA/message/50095