![Revisional Order without hearing Assessees’ Submission is Invalid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Revisional Order without hearing Assessees’ Submission is Invalid: Delhi HC [Read Order]")
Revisional Order without hearing Assessees’ Submission is Invalid: Delhi HC [Read Order]
The Delhi High Court division bench comprising of Justice S. Ravindra Bhat and Justice Sanjeev Sachdeva recently ruled that revisional order under...
Depreciation Claim is Mandatory for Claiming Benefit of s. 80-IA of Income Tax Act: SC [Read Judgment]
While dismissing an appeal filed by M/s Plastiblends India Limited, a two-judge bench of the Supreme Court held that assessee should claim for depreciation while computing incentive under section...
![Depreciation Claim is Mandatory for Claiming Benefit of s. 80-IA of Income Tax Act: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation Claim is Mandatory for Claiming Benefit of s. 80-IA of Income Tax Act: SC [Read Judgment]")
‘Depreciation’ is not an Expense but Allowance for Purpose of Exemption under Sec 10(29) of Income Tax Act: Delhi HC [Read Order]
A division bench of the Delhi High Court upheld the ITAT order  wherein it was held that the deductible income under Section 10 (29) of the Income Tax Act is to be computed after excluding...
Tenant is Eligible for Depreciation in respect of Expenditure incurred on Leased Premise: Bombay HC [Read Order]
A division bench of the Bombay High Court in CIT v. M/s.Urban Infrastructure Venture Capital Ltd has allowed a tenants’ claim for depreciation towards capital expenditure incurred on the leased...
![Tenant is Eligible for Depreciation in respect of Expenditure incurred on Leased Premise: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Leasing.jpg "Tenant is Eligible for Depreciation in respect of Expenditure incurred on Leased Premise: Bombay HC [Read Order]")
Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]
Recently, in DCIT(E) v. Shri Sudhir Madhavji Lall Welfare & Educational Trust, the Mumbai ITAT confirmed that depreciation claim of a trust is an allowable as application money which is deductible...
![Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]")
A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]
The Title of an immovable property having value of more than Rs. 100/- cannot be deemed as transferred without registration. In a recent ruling, the two-judge bench of the supreme court...
![A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]")
![Delhi HC allows Depreciation Claim of Rs. 4 Cr by Sony India Pvt Ltd [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/02/SONY-INDIA.jpg "Delhi HC allows Depreciation Claim of Rs. 4 Cr by Sony India Pvt Ltd [Read Judgment]")