![No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111154-no-deemed-dividend-business-advances-holding-subsidiary-companies-itat-taxscan-jpg.webp "No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]")
No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]
Section 2(22)(e) applies only to gratuitous loans or advances to shareholders, not to reciprocal and business-related transactions The...
![Relief for Viacom 18 Media: ITAT Rules AO Made Adequate Inquiry on ₹195.32 Cr Depreciation of Goodwill, Quashes PCIT’s Revision [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/250x150_2111603-relief-viacom-18-media-itat-rules-ao-adequate-inquiry-depreciation-goodwill-quashes-pcits-taxscan.webp "Relief for Viacom 18 Media: ITAT Rules AO Made Adequate Inquiry on ₹195.32 Cr Depreciation of Goodwill, Quashes PCIT’s Revision [Read Order]")
![Depreciation on Capital Goods under EOU Scheme Allowed Only up to Date of Debonding, Not Till Duty Payment: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/250x150_2087753-gst-gst-on-capital-goods-capital-goods-itc-goods-and-services-tax-taxation-under-gst-cgst-act-taxscan.webp "Depreciation on Capital Goods under EOU Scheme Allowed Only up to Date of Debonding, Not Till Duty Payment: CESTAT [Read Order]")
![Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of S.C. Johnson Pvt. Ltd. [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/250x150_2087510-depreciation-on-goodwill-arising-goodwill-arising-book-profits-taxscan.webp "Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of S.C. Johnson Pvt. Ltd. [Read Order]")
![Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085607-itat-ahmedabad-depreciation-itat-confirms-taxscan.webp "Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]")
ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]
The ITAT Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has upheld the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax...
![ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054669-pcit-order-depreciation-disallowance-asset-usage-facts-taxscan.webp "ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]")
ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which allowed depreciation as an alternative claim on finance lease...
![ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Depreciation-ITAT-Lease-Rent-TAXSCAN.jpg "ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]")
AO adds Building Depreciation Amount and Loan Amount: ITAT restores matter to Consider Additional Evidence [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has restored the issue of disallowance of depreciation on building amount and addition of loan amount for fresh consideration of additional...
![AO adds Building Depreciation Amount and Loan Amount: ITAT restores matter to Consider Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/building-depreciation-amount-depreciation-amount-loan-amount-ITAT-ITAT-restores-matter-additional-evidence-evidence-taxscan.jpg "AO adds Building Depreciation Amount and Loan Amount: ITAT restores matter to Consider Additional Evidence [Read Order]")
Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai recently ruled that the depreciation claimed by the concerned Assesee under Section 32 of the Income Tax Act, 1961 may only be permissible if the...
![Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-from-Other-Sources.jpg "Assessee’s Income should be Chargeable under Head “Income from Other Sources” for Depreciation Claims: ITAT [Read Order]")
Allowance of Additional Depreciation of Oil Well u/s 32(1) (iia) of Income Tax Act: Gujarat HC dismisses Revenue's Appeal [Read Order]
The Gujarat High Court has dismissed the appeal of revenue concerning the order of the Income Tax Appellate Tribunal (ITAT), allowing the assessee to claim additional depreciation under Section...
![Allowance of Additional Depreciation of Oil Well u/s 32(1) (iia) of Income Tax Act: Gujarat HC dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Allowance-Depreciation-Oil-Well-Income-Tax-Act-Gujarat-HC-Revenue-Appeal-taxscan.jpg "Allowance of Additional Depreciation of Oil Well u/s 32(1) (iia) of Income Tax Act: Gujarat HC dismisses Revenues Appeal [Read Order]")
ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Delhi, allowed depreciation claim under Section 80IC of Income Tax Act, 1961, for building, furniture, and plant machinery blocks. The assessee is a...
![ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Depreciation-claim-taxscan.jpg "ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]")
Failure to provide details for Commissioning of Assets on different dates to compute Depreciation: ITAT dismisses Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, while dismissing the appeal filed by the assessee, observed that the assessee failed to provide details for the commissioning of assets on...
![Failure to provide details for Commissioning of Assets on different dates to compute Depreciation: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Commissioning-of-Assets-compute-Depreciation-ITAT-Appeal-taxscan.jpg "Failure to provide details for Commissioning of Assets on different dates to compute Depreciation: ITAT dismisses Appeal [Read Order]")