![25% Depreciation allowable on Intangible Asset of Licence for running Container Trains on Indian Railways: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "25% Depreciation allowable on Intangible Asset of Licence for running Container Trains on Indian Railways: ITAT [Read Order]")
25% Depreciation allowable on Intangible Asset of Licence for running Container Trains on Indian Railways: ITAT [Read Order]
The Delhi bench of ITAT in an appeal filed by the assessee against the order of Ld.CIT (A) which confirmed the order of A.O regarding the depreciation...
![UPS is Integral part of Computer: ITAT allows 60% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/UPS-Depreciation-Taxscan.jpg "UPS is Integral part of Computer: ITAT allows 60% Depreciation [Read Order]")
![UPS can be considered as Computer If it is Connected to ATM Machine or a Computer: ITAT allows 60% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/UPS-Taxscan.jpg "UPS can be considered as Computer If it is Connected to ATM Machine or a Computer: ITAT allows 60% Depreciation [Read Order]")
Depreciation allowable on Plant and Machinery required for Manufacture of Compressed Natural Gas from Natural Gas: ITAT [Read Order]
Lucknow bench of Income Tax Appellate Tribunal (ITAT) has recently held that depreciation is allowable on plant & machinery which is required for manufacture of Compressed Natural Gas (CNG) from...
Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]
A division bench of the Delhi High Court, last week held that the benefit of carry forward and set off of unabsorbed depreciation can be extended to a period more than eight years even before the...
Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]
The Supreme Court of India held that, there is no double benefit while allowing the depreciation of Assets when the Capital Expenditure is treated as application of Income for Charitable Purposes...
ITAT Rejects Plea for Set Off of Unabsorbed Depreciation since Hospitals can’t be treated as an Industrial Undertaking [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal recently rejected the plea for setting off of unabsorbed depreciation since Hospitals can’t be treated as an industrial undertaking for the purpose...
![ITAT Rejects Plea for Set Off of Unabsorbed Depreciation since Hospitals can’t be treated as an Industrial Undertaking [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Hospital-Taxscan.jpg "ITAT Rejects Plea for Set Off of Unabsorbed Depreciation since Hospitals can’t be treated as an Industrial Undertaking [Read Order]")
Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]
The Bombay High Court, while granting relief to Larsen And Turbo, nearly more than a decade of facing disputes in its Clinker/Cement Factory in Gujarat, held that breakdown and technical snags of...
![Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Larsen-Turbo-Taxscan.jpg "Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]")
![Advertising Hoardings qualify as ‘Tangible Assests’: ITAT Allows 100% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Hoardings-Taxscan.jpg "Advertising Hoardings qualify as ‘Tangible Assests’: ITAT Allows 100% Depreciation [Read Order]")