Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14
gains of business or profession". Explanation ….” 19. A perusal of the above provisions reveals that for the claim of depreciation, asset must be owned wholly or partially by the assessee and is used for the purpose of business or profession of the assessee. Whereas any expenditure, not being in the nature of the capital expenditure or personal expenditure