Dr. K. Senthilnathan FEBRUARY 15, 2012 [2012] 19 taxmann.com 135 (Chennai - Trib.) (TM)
Regularization fees paid by assessee to CDMA under Tamil Nadu Town and Country Planning Act for condoning violations during construction of hospital building has a direct nexus to construction of hospital building; therefore, only account to which regularization fees paid could be booked is construction account of hospital building; amount of regularization fee paid by assessee cannot be excluded in computing eligible depreciation allowance
Regularization fees paid by assessee to CDMA under Tamil Nadu Town and Country Planning Act for condoning violations during construction of hospital building has a direct nexus to construction of hospital building; therefore, only account to which regularization fees paid could be booked is construction account of hospital building; amount of regularization fee paid by assessee cannot be excluded in computing eligible depreciation allowance
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