![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]")
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,...
![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]](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]](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]](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]")
![ATM is Computer: ITAT allows 60% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/06/ATM-RBI-Taxscan.jpg "ATM is Computer: ITAT allows 60% Depreciation [Read Order]")
Unabsorbed Depreciation pertaining to AY can be carried forward and set off in the Later Year: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Mumbai held that unabsorbed depreciation pertaining to assessing year AY 1997-98 to AY 2001-02 can be carried forward and set off in the later years. The...
![Unabsorbed Depreciation pertaining to AY can be carried forward and set off in the Later Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Network-Rights-Depreciation-Taxscan.jpg "Unabsorbed Depreciation pertaining to AY can be carried forward and set off in the Later Year: ITAT [Read Order]")
Govt. notifies new Depreciation Rates of 30% & 45% on vehicles purchased between 23-08-2019 to 31-03-2020 [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has notified new depreciation rates of 30% and 45 on vehicles purchased between 23.08.2019 to 31.03.2020. The rates of 15% is applicable on Motor cars, other...
![Govt. notifies new Depreciation Rates of 30% & 45% on vehicles purchased between 23-08-2019 to 31-03-2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Govt. notifies new Depreciation Rates of 30% & 45% on vehicles purchased between 23-08-2019 to 31-03-2020 [Read Notification]")
Depreciation not allowable on Office Premises Let Out If It is already assessed as House Property Income: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee is not eligible to claim depreciation on office premises granted on the lease as business expenditure if it is...
![Additional Depreciation allowable for Generation of Electricity: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Refund-Claims-Delhi-High-Court-Taxscan.jpg "Additional Depreciation allowable for Generation of Electricity: Delhi High Court [Read Judgment]")