Posted on October 10, 2017February 27, 2018 by abhishekThe assessee was entitled to depreciation under section 32 of the Act in respect of the immovable properties taken over by it from the State Government, even though their legal ownership had not been transferred to the assessee J&K Tourism Development Corporation (J&K High Court)I.T. Reference No. 15 / 1983, decided on 19.7.2000.