Read all Latest Updates on and about Depreciation

Top

Begin typing your search above and press return to search.

Home
»
Depreciation

Network Rights is Goodwill: ITAT allows Depreciation [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has held that the network rights can be treated as goodwill for which, depreciation is...

Tax Deduction available to Legal and Professional Fees paid for Transfer of Shares: ITAT [Read...

Depreciation being Statutory Allowance can’t be disallowed by invoking S. 40(a)(ia): ITAT [Read...

Transfer of Registration of Vehicle in Assessees’ Name not mandatory for allowing Depreciation: ITAT...

Lakme gets Tax Relief from ITAT [Read Order]

Actor Akshaye Khanna gets IT Deduction for Expenditure on Speed-Boat [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) had allowed the deduction to the Bollywood actor, Akshaye Khanna in respect of the expenditure incurred by him for a speed-boat. The...

Running Hospital and Nursing School is Inseparable Activity, Eligible for Tax Exemption: ITAT [Read Order]

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that the running of hospital and nursing school is an inseparable activity for which, the exemption under section 11 of the Income...

Depreciation Claim on JCB can’t be disallowed merely on Ground of Delay in Registration: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the depreciation claim in respect of JCB cannot be disallowed merely on the ground that there was a delay in registration of...

Depreciation allowable on Non-Competent Fee and Brand Equity: Madras HC [Read Judgment]

A two-judge bench of the Madras High Court has held that the depreciation under Section 32 of the Income Tax Act, 1961 is allowable on the non- competent fee and brand equity. The bench was hearing...

Depreciation cannot be disallowed merely on ground that IPR was not used for Manufacturing Activities: Delhi HC [Read Judgment]

A division bench of the Delhi High Court has held that the claim for depreciation under Section 32 of the Income Tax Act, 1961 cannot be disallowed merely on the ground that the intellectual property...

Depreciation allowable on Genuine Goodwill: ITAT [Read Order]

A Special Bench of the Income Tax Appellate Tribunal ( ITAT ), Delhi has held that the goodwill is an intangible asset which falls under the expression "any other business or commercial rights of...

Non-Competent Fee paid is an Intangible Asset, Depreciation Allowable: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Bengaluru bench, in M/s. Sapa Extrusion India Pvt. Ltd v. DCIT held that the non-compete fee paid is an intangible asset acquired on which Depreciation is...

Prev Page Next Page