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![Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Goodwill-Face-Value-of-Shares-Shares-Scheme-of-Amalgamation-Amalgamation-ITAT-Income-Tax-Taxscan-.jpg "Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]")
Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]
The Allahabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the assessee is eligible for claiming depreciation on goodwill...
![Depreciation at 60% Not Allowable on Robotix Kits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Robotix-Kits-ITAT-Income-Tax-Tax-Taxscan.jpg "Depreciation at 60% Not Allowable on Robotix Kits: ITAT [Read Order]")
![Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Vehicles-Plant-and-Machinery-ITAT-Depreciation-Hired-Cars-Taxscan.jpg "Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]")
![Depreciation Allowable on Goodwill u/s 32(1)(ii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Goodwill-Income-Tax-Act-ITAT-Income-Tax-Taxscan.jpg "Depreciation Allowable on Goodwill u/s 32(1)(ii) of Income Tax Act: ITAT [Read Order]")
![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]")
![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]
The Indore bench of Income Tax Appellate Tribunal (ITAT) recently directed the assessing officer to re-adjudicate assessee’s eligibility under section 80P of income tax act 1961 in respect of...
![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]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that SI Group India is eligible for depreciation in respect of technical know-how and on embedded process technology. ...
![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]")