![Lessee not eligible for Depreciation on Vehicles taken on Finance Lease: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Lessee-Vehicles-Finance-Lease-ITAT-Taxscan.jpeg "Lessee not eligible for Depreciation on Vehicles taken on Finance Lease: ITAT [Read Order]")
Lessee not eligible for Depreciation on Vehicles taken on Finance Lease: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that a lessee is not eligible for depreciation in respect of the vehicles taken...
![Unabsorbed Depreciation can be Carried Forward beyond 8 Years, reiterates Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpg "Unabsorbed Depreciation can be Carried Forward beyond 8 Years, reiterates Madras High Court [Read Judgment]")
![Unabsorbed Depreciation can be carried forward beyond 8 years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpeg "Unabsorbed Depreciation can be carried forward beyond 8 years: Madras High Court [Read Judgment]")
![Depreciation allowable on Tenancy Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Depreciation-tenancy-Rights-ITAT-Taxscan.jpg "Depreciation allowable on Tenancy Rights: ITAT [Read Order]")
![Developer entitled to Claim Depreciation of Public Roads, Treating Same as Building: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/depreciation-of-public-roads-Building-Madras-High-Court-Taxscan.jpeg "Developer entitled to Claim Depreciation of Public Roads, Treating Same as Building: Madras High Court [Read Judgment]")
![Assessee entitled to Carry Forward Depreciation loss beyond 8 Years: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Assessee-depreciation-loss-Madras-HC-taxscan.jpg "Assessee entitled to Carry Forward Depreciation loss beyond 8 Years: Madras HC [Read Order]")
CBDT notifies New Rule on Computation of STCG, Written Down Value where Depreciation on Goodwill has been obtained [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the new Rule 8AC regarding Computation of short term capital gains (STCG), written down value where depreciation on goodwill has been obtained. ...
![CBDT notifies New Rule on Computation of STCG, Written Down Value where Depreciation on Goodwill has been obtained [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/07/STCG-CBDT-Taxscan.jpg "CBDT notifies New Rule on Computation of STCG, Written Down Value where Depreciation on Goodwill has been obtained [Read Notification]")
Disallowance of Depreciation on Software purchase can’t be done on grounds of Non-Deduction of TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Banglore Bench Disallowance of depreciation on software purchase cannot be done on grounds of non-deduction of TDS. The assessee, ‘Messrs UKN Properties...
![Disallowance of Depreciation on Software purchase can’t be done on grounds of Non-Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Disallowance-of-depreciation-software-purchase-TDS-ITAT-Taxscan.jpg "Disallowance of Depreciation on Software purchase can’t be done on grounds of Non-Deduction of TDS: ITAT [Read Order]")
![Assessee entitled to claim 15% Depreciation under Block of Assets ‘Plant and Machinery’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Depreciation-Block-of-Assets-Plant-and-Machinery-ITAT-Taxscan.jpg "Assessee entitled to claim 15% Depreciation under Block of Assets ‘Plant and Machinery’: ITAT [Read Order]")
Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]
The Madras High Court unabsorbed depreciation is eligible for set off against income even after the lapse of eight years. The appellant, M/s. Harvey Heart Hospitals Ltd. is in the healthcare...
![Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Unabsorbed-depreciation-income-Madras-High-Court-Taxscan.jpeg "Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]")
![ITAT disallows Depreciation on Non-Competition Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Depreciation-Non-Competition-Fee-Taxscan.jpg "ITAT disallows Depreciation on Non-Competition Fee [Read Order]")