![Higher Rate of Depreciation at 50% Allowable on Commercial Vehicles Only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Commercial-Vehicles-ITAT-Higher-Rate-of-Depreciation-Taxscan.jpg "Higher Rate of Depreciation at 50% Allowable on Commercial Vehicles Only: ITAT [Read Order]")
Higher Rate of Depreciation at 50% Allowable on Commercial Vehicles Only: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench, has recently, in an appeal filed before it, held that higher rate of depreciation at 50%...
![Computer Software Eligible for Depreciation at 60%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Computer-Software-Depreciation-ITAT-taxscan.jpg "Computer Software Eligible for Depreciation at 60%: ITAT [Read Order]")
![Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Eligibility-us-80P-Buildings-Godowns-Co-operative-Society-ITAT-Re-Adjudication-Taxscan.jpg "Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]")
![SI Group India Eligible for Depreciation in respect of Technical Know-how and Embedded Process Technology: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SI-Group-India-Depreciation-Income-Tax-ITAT-taxscan.jpg "SI Group India Eligible for Depreciation in respect of Technical Know-how and Embedded Process Technology: ITAT [Read Order]")
Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 cannot be claimed in respect of Assets shared with a sister...
![Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Depreciation-Assets-shared-Sister-Concern-License-Agreement-ITAT-taxscan.jpg "Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]")
![No Re-Assessment without new Tangible Material: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-Tangible-Material-Bombay-High-Court-taxscan.jpg "No Re-Assessment without new Tangible Material: Bombay HC [Read Order]")
![Set Back to Toyota Kirloskar: ITAT rejects Depreciation on provisional basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Toyota-Kirloskar-ITAT-Set-Back-to-Toyota-Kirloskar-Income-Tax-ITAT-rejects-Depreciation-Depreciation-Depreciation-on-provisional-basis-taxscan.jpg "Set Back to Toyota Kirloskar: ITAT rejects Depreciation on provisional basis [Read Order]")
Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation can be allowed on factual aspects under CBDT instruction, even if the value is not recorded in the books of...
![Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Depreciation-CBDT-Instruction-CBDT-Books-of-Account-ITAT-taxscan.jpg "Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]")
Revenue Expenditures on ERP software 'Capital' in nature: ITAT allows to Claim Depreciation [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently allowed the assessee, Indo British Garments Pvt Ltd to claim depreciation on the revenue expenditures incurred on license...
![Revenue Expenditures on ERP software Capital in nature: ITAT allows to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ERP-software-Income-Tax-Revenue-expenditures-Capital-ITAT-Depreciation-Revenue-expenditures-taxscan.jpg "Revenue Expenditures on ERP software Capital in nature: ITAT allows to Claim Depreciation [Read Order]")
No Claim of Purchase of Asset as an application of Income: ITAT directs to allow Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed to allow depreciation on the ground that there was no claim of purchase of asset as application of income. The assessee, Vidya Vikas...
![No Claim of Purchase of Asset as an application of Income: ITAT directs to allow Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/claim-purchase-of-asset-asset-ITAT-income-depreciation-taxscan.jpg "No Claim of Purchase of Asset as an application of Income: ITAT directs to allow Depreciation [Read Order]")
Limited Company being an Inanimate Person, cannot have anything 'Personal': ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]
The Income Tax Appellate Tribunal (ITAT) company is an inanimate person and there cannot be anything “personal” and therefore, allowed depreciation claim by the assessee-company in respect of a...
![Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Depreciation-Luxury-Sports-Car-Director-Company-Inanimate-Person-Depreciation-on-Luxury-Sports-Car-Income-Tax-taxscan.jpg "Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]")