Relief to Oriental Bank of Commerce: Delhi HC allows Depreciation on Temporary Wooden Structures [Read Order]

Oriental Bank of Commerce - Delhi HC - Depreciation - taxscan

In a major relief to the Oriental Bank of Commerce the Delhi High Court allowed depreciation on temporary wooden structures. By the impugned order, the Income Tax Appellate Tribunal [ITAT] allowed the appeals of the respondent/assessee, Oriental Bank of Commerce which were filed not only with respect to the AYs referred to hereinabove, but also…

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