![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]")
Assessee entitled to Carry Forward Depreciation loss beyond 8 Years: Madras HC [Read Order]
The Madras High Court held that the restriction of 8 years for carry forward and set-off of unabsorbed depreciation had been dispensed with. The...
![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]](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]")
ITAT allows Depreciation claimed on self-valued, unsubstantial intangibles declared as ‘Customers Contract’ and ‘Goodwill’ [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the depreciation claimed under Section 32 of Income Tax Act on self-valued, unsubstantial intangibles declared as ‘customers...
![ITAT allows Depreciation claimed on self-valued, unsubstantial intangibles declared as ‘Customers Contract’ and ‘Goodwill’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-unsubstantial-intangibles-Customers-Contract-Goodwill-Taxscan.jpg "ITAT allows Depreciation claimed on self-valued, unsubstantial intangibles declared as ‘Customers Contract’ and ‘Goodwill’ [Read Order]")
Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]
While allowing a plea of Nestle India, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim for depreciation under section 32 of the Income Tax Act, 1961 cannot be...
![Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/depreciation-Nestle-India-ITAT-Taxscan.jpg "Depreciation can’t be denied for sole ground that the Assets had not been put to use: ITAT grants relief to Nestle India [Read Order]")
Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in its recent order directed the Assessing Officer (AO) to delete the disallowance made on account of depreciation on payment of brand license...
![Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-AO-disallowance-Star-India-brand-license-fees-Depreciation-Taxscan.jpeg "Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]")
‘Mail Today’ eligible for Depreciation on Expenses incurred for Publicity of Brand Name: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the depreciation claim made by ‘Mail Today’ towards the expenses incurred for the publicity of trade name/brand...
![‘Mail Today’ eligible for Depreciation on Expenses incurred for Publicity of Brand Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/ITAT-Depreciation-Mail-Today-Taxscan-2.jpeg "‘Mail Today’ eligible for Depreciation on Expenses incurred for Publicity of Brand Name: ITAT [Read Order]")
Vehicle used for Display of Advertisement not entitled to Higher Rate of Depreciation: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT)has recently ruled that a higher rate of depreciation cannot be granted to the vehicles used for the display of advertisement under the...
![Vehicle used for Display of Advertisement not entitled to Higher Rate of Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Advertisement-vehicle.jpeg "Vehicle used for Display of Advertisement not entitled to Higher Rate of Depreciation: ITAT [Read Order]")