![Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Goodwill-acquired-on-Amalgamation-Amalgamation-Depreciation-Income-Tax-Act-ITAT-deletes-Disallowance-ITAT-Disallowance-Income-Tax-taxscan.jpg "Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]")
Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that Goodwill acquired on Amalgamation is eligible for depreciation under Section 32 of...
![Depreciation allowable for Computing Income Available for Accumulation u/s 11(6) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Depreciation-Computing-Income-Available-for-Accumulation-Depreciation-allowable-for-Computing-Income-Income-Tax-Act-ITAT-taxscan.jpg "Depreciation allowable for Computing Income Available for Accumulation u/s 11(6) of Income Tax Act: ITAT [Read Order]")
![Oil Wells Eligible for Depreciation as Plant and Machinery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Oil-Wells-Eligible-Depreciation-as-Plant-and-Machinery-ITAT-TAXSCAN.jpg "Oil Wells Eligible for Depreciation as Plant and Machinery: ITAT [Read Order]")
![Dept. Fails to Submit Contradictory view to CIT(A)s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Dept.-Fails-to-Submit-Contradictory-view-Decision-ITAT-allows-Depreciation-Expenses-on-Crates-ITAT-TAXSCAN.jpg "Dept. Fails to Submit Contradictory view to CIT(A)s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]")
![Dept. Fails to Submit Contradictory view to CIT(A)s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-allows-Depreciation-Expenses-on-Crates-ITAT-Depreciation-Expenses-CITAs-Decision-Contradictory-view-to-CITAs-Decision-Taxscan-2.jpg "Dept. Fails to Submit Contradictory view to CIT(A)s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]")
Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that depreciation on goodwill could not be questioned once the existence of goodwill had been established. The assessee, Blujay...
![Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Goodwill-existence-of-Goodwill-established-Depreciation-ITAT-Depreciation-on-such-goodwill-cannot-be-questioned-taxscan.jpg "Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]")
![Lessor entitled to Claim Depreciation on Leased Assets under Finance Lease: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Lessor-Depreciation-Leased-Assets-under-Finance-Lease-Depreciation-on-Leased-Assets-ITAT-taxscan.jpg "Lessor entitled to Claim Depreciation on Leased Assets under Finance Lease: ITAT [Read Order]")
No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the depreciation as no transfer of asset was taken place during the year under consideration and no determination of short term...
![No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/transfer-of-assetc-short-term-capital-gain-Short-term-Capital-loss-ITAT-allows-depreciation-taxscan.jpg "No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]")
Depreciation Allowable to Plant and Machinery Installed for Pilot Project Added to Existing Block: ITATÂ [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the depreciation to plant and machinery installed for pilot projects which were added to existing blocks. The assessee, Indorama...
![Depreciation Allowable to Plant and Machinery Installed for Pilot Project Added to Existing Block: ITATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Depreciation-Depreciation-Allowable-to-Plant-and-Machinery-Pilot-Project-Pilot-Project-Added-to-Existing-Block-ITAT-taxscan.jpg "Depreciation Allowable to Plant and Machinery Installed for Pilot Project Added to Existing Block: ITATÂ [Read Order]")
No Disallowance of Part of Director’s Remuneration and Depreciation When Business Stopped Due to Temporary Lull: ITAT [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) no disallowance shall be made on the part of director’s remuneration when the business is stopped due to temporary lull. The...
![No Disallowance of Part of Director’s Remuneration and Depreciation When Business Stopped Due to Temporary Lull: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Disallowance-of-Part-of-Directors-Remuneration-and-Depreciation-Business-Stopped-Due-to-Temporary-Lull-ITAT-TAXSCAN.jpg "No Disallowance of Part of Director’s Remuneration and Depreciation When Business Stopped Due to Temporary Lull: ITAT [Read Order]")
Motor Vehicles qualify as Self-Propelled Vehicles: ITAT confirms Deletion of Disallowance of Excess Claim of Depreciation [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), confirmed the deletion of disallowance of excess claim of depreciation and noted that motor vehicles qualify as self-propelled...
![Motor Vehicles qualify as Self-Propelled Vehicles: ITAT confirms Deletion of Disallowance of Excess Claim of Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Motor-Vehicles-Self-Propelled-Vehicles-ITAT-Excess-Claim-Claim-Depreciation-Taxscan.jpg "Motor Vehicles qualify as Self-Propelled Vehicles: ITAT confirms Deletion of Disallowance of Excess Claim of Depreciation [Read Order]")
Claim of deletion of Addition in Respect of Providing for Dam Maintenance by Orissa Hydro Power: Orissa HC declines to Frame issues [Read Order]
The High Court of Orissa refused to frame issues on the deletion of a claim by the assessee in respect of providing for Dam maintenance by Orissa Hydro Power since it was decided against the revenue....
![Claim of deletion of Addition in Respect of Providing for Dam Maintenance by Orissa Hydro Power: Orissa HC declines to Frame issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Claim-of-deletion-of-addition-Providing-for-Dam-maintenance-Orissa-Hydro-Power-Orissa-HC-Taxscan.jpg "Claim of deletion of Addition in Respect of Providing for Dam Maintenance by Orissa Hydro Power: Orissa HC declines to Frame issues [Read Order]")