![Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Shares-Intangible-Assets-Depreciation-Purchase-Price-of-Shares-ITAT-Taxscan.jpeg "Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]")
Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench presided by Mr. Prashant Maharishi, AM, and Mr. Pavan Kumar Gadale, JM has held that shares...
![Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/market-value-tangible-assets-goodwill-ITAT-depreciation-Taxscan.jpg "Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]")
![Period of Depreciation should extend up to Date of Payment of Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/depreciation-payment-duty-CESTAT-taxscan.jpg "Period of Depreciation should extend up to Date of Payment of Duty: CESTAT [Read Order]")
![Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/foreign-currency-capital-loss-depreciation-asset-forex-ITAT-Taxscan.jpeg "Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]")
![ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-depreciation-asset-office-taxscan.jpg "ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]")
![Depreciation claimed on Govt securities categorised as AFS is allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Depreciation-Govt-securities-AFS-ITAT-taxscan.jpeg "Depreciation claimed on Govt securities categorised as AFS is allowable: ITAT [Read Order]")
Payment of Lease Rental for Containers can’t be treated as Revenue Expenditure as Depreciation was Claimed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the amount of payment of lease rental cannot be treated as Revenue expenditure as the assessee’s claim for depreciation was...
![Payment of Lease Rental for Containers can’t be treated as Revenue Expenditure as Depreciation was Claimed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Payment-Lease-Rental-Containers-Revenue-Expenditure-Depreciation-ITAT-taxscan.jpg "Payment of Lease Rental for Containers can’t be treated as Revenue Expenditure as Depreciation was Claimed: ITAT [Read Order]")
![Depreciation allowable on Toll Collection Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Depreciation-Toll-Collection-Rights-ITAT-Taxscan.jpg "Depreciation allowable on Toll Collection Rights: ITAT [Read Order]")
Unabsorbed Depreciation should be allowed to be carried forward and set off against Assessable Income of Subsequent Year notwithstanding fact that Business in respect of which it arose ceased to exist in year of such set-off: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President, and Siddhartha Nautiyal, Judicial Member held that where asset purchased by the assessee has been...
30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that 30% depreciation is allowable to motor lorries in the business of transportation of goods on hire under the provisions of section...
![30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Motor-Lorries-Business-Transportation-of-Goods-Hire-ITAT-Taxscan.jpeg "30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]")
![Depreciation u/s 32 not allowable to Car received as Gift to Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Car-Gift-ITAT-Taxscan.jpeg "Depreciation u/s 32 not allowable to Car received as Gift to Firm: ITAT [Read Order]")
![Depreciation allowable on Goodwill: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Goodwill-ITAT-taxscan.jpeg "Depreciation allowable on Goodwill: ITAT [Read Order]")