Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]

By Taxscan Team - On July 21, 2022 6:03 am - 2 mins read

additional depreciation - capitalized portion - forex loss - plant - machinery - ITAT - dismisses - appeal - Daeseung Autoparts - Taxscan

Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Dura Rao, Judicial Member and G Manjunatha, Accountant Member dismissed the appeal filed by M/s. Daeseung Autoparts India Pvt. Ltd on the claim for additional depreciation on capitalized portion of forex loss for plant and machinery. The assessee company, M/s. Daeseung Autoparts India Pvt. Ltd…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Topics